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[–] scorinth 0 points 3 points (+3|-0) ago 

Well, yeah. If you plot "happiness" over "wealth," the graph has a rather sharp bend in it where people "make enough to live on." So if you have less than you need, getting more will have a strong impact on your happiness, but if you have more than you need, the effort needed to obtain more may or may not pay off in terms of gaining happiness.

This is one of the reasons discussions about minimum wage and wage laws get a little funky. It's almost as if humans don't behave like the perfectly reasonable machines economists model them as.

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[–] oedipusaurus_rex ago  (edited ago)

There was a study I saw recently that said there is a point at which more money doesn't really equal more happiness. i think its around 75k USD/year.