Would you rather earn $100,000 when all your friends earn $50,000, or $150,000 when everybody else earns $300,000?
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jenray
Pro - http://www.jenniferhunter.co.uk
- 2009-01-06 @ 10:31:09
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metyu
- 2009-01-06 @ 11:37:04
At the moment I think I'd rather earn 100,000 euros while everyone else earns 50,000 dollars.
I'm just a big meanie. I'd buy you a drink though. -
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soyunperdedor
Pro - http://soyunperdedor.blog.co.uk
- 2009-01-06 @ 12:01:47
I now earn in a week what I used to earn in two days. My friends are all on far higher wages than me. I don't demand a lot of money for the way I live, but I would like to be able to go out for a meal with them and not have to decide whether I can afford a glass of wine or wonder if my friends will 'help me out'. I'd rather earn $100,000 when all my friends earn $50,000, and help THEM out.
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DominicGee
- 2009-01-06 @ 12:20:42
The point is, would you rather be RELATIVELY rich or BETTER OFF by relatively poor...
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As long as I have enough for my needs I am happy. If others earn more good luck to them. It would get more difficult only when others are earning more and I have less than what I consider to be my needs. Thankfully I have not been in that position since my mid twenties when I lived in a bedsit with orange walls a purple ceiling and a bed that randomly collapsed!
Hope this answers the question!
Alan
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boredrich
- 2009-01-06 @ 14:09:14
I think I am relativly poor most of the time but it definately makes me a better off person because I am kinda better person because of it
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SeasideMan
Pro - 2009-01-06 @ 14:36:47
A study was done on exactly this at Harvard. Most people say they would prefer to be relatively better off, i.e. scenario 1. Curiously, this changes if the issue is non-monetary, such as the number of weeks holiday a person gets a year.
I'd be happy with option 2, assuming there are no negative economic consequences, such as prices trebling to match the huge salaries!
Tom.-
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DominicGee
- 2009-01-06 @ 15:42:46
That is funny about the holidays. I'm gonna ask around about that one, see what people say.
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DominicGee
- 2009-01-06 @ 17:26:33
I asked this question around the office:
Would you rather have 2 weeks holiday a year while everyone else has 1 week… or have 3 weeks holiday while everyone else has 6?
This one was a lot more difficult to answer they said, and most of them opted to have only 2 weeks. Bizarre. -
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pompeycaulkhead
- 2009-01-06 @ 17:17:32
AS long as I have enough for my needs why would I worry about what others earn? I sometimes really feel like i'm swimming against the tide of greed...
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We do only it's a bit less than half in our case...HLOL...and don't envy them, but would occasionally like a bit more, but only occasionally now...GBHs...XX