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Re:RxBar co-founder Peter Rahal on life after becoming a mil... by TrackerFF on Wednesday October 02, 2019 @03:40PM (#21140044)
I think if happiness was a function of money, then it would very much look like the sigmoid / logistic function. You have a linear region where there's a very dramatic relationship between money and happiness (a $100k salary makes life so much easier than a $30k salary), but there's very small difference at the different ends...a $5k salary will not improve your life much over a $500 salary, even though there's an order of a magnitude in difference - just in the same way that $50MM won't make you much happier than $500MM.

And this is something I feel is important, because people tend to compare extremes. It's always poor vs rich

Re:RxBar co-founder Peter Rahal on life after becoming a mil... by mercutio2 on Thursday October 03, 2019 @03:33PM (#21151098)
All the research I’ve seen basically points at happiness having a fairly straightforward logarithmic relationship to wealth.

So it’s not true to say “money doesn’t make you happier”, it just gets you less marginal happiness per increment of income (research on wealth is less clear, but wealth can be converted to an income stream).

Re:RxBar co-founder Peter Rahal on life after becoming a mil... by vastoi on Wednesday October 02, 2019 @11:29PM (#21143312)
I agree with your premise on the higher end but a $500 and $5000 salary are dramatically different. You won’t go hungry on 5k if you are frugal while $500 could kill you.
Re:RxBar co-founder Peter Rahal on life after becoming a mil... by TrackerFF on Thursday October 03, 2019 @04:35AM (#21144860)
I'd imagine that people in most western countries on either salaries would also receive some kind of welfare benefits to supplement those kinds of low salaries.