- 1 in 4 Jobs in the US Are Low-Paying
- A Typo Can Get Your Resume Tossed in the Trash
- Is an Unlimited-Vacation Policy Truly Good for Workers?
- The Restless Project: Doing Well at $125K, but Still Losing Sleep Over Money
- 10 Well-Paying Jobs That Don’t Require a College Degree
- Nearly a Quarter of the World’s Billionaires Are Americans
- 8-Year-Old YouTube Star Makes $1.3 Million a Year
- Open Enrollment: Your Company’s Flexible Spending Account Is Probably Better Than It Used to Be
Business Insider highlights a study that says yes. In it, a group of students were asked whether they’d like to make $50,000 or $100,000 a year. But there was a catch…
Seems like a no-brainer right? Everyone should take option B. But there was one catch. In option A, the students would get paid twice as much as others, who would only get $25,000. In option B, they would get paid half as much as others, who would get $200,000. So option B would make the students more money overall, but they would be doing worse than others around them.
The majority opted to do better than others instead of making more. The study’s a few years old, but was cited to reinforce the point behind a new book about social currency.