paycheckAssay: Over the weekend, I re-read a fascinating book, Alfie Kohn's Punished by Rewards: The Trouble with Gold Stars, Incentive Plans, A's, Praise, and Other Bribes.
I was thrilled to find discussion of some research that I'd thought about often, but had never been able to find again; I didn't take notes on it and couldn't remember where I'd seen it.
Eureka! There it was.
It's very interesting research about how people value money and pay.
Now, it's clear that when people don't have enough money to meet their basic needs, or when they're worried that they're going to lose a job, they're very focused on how much money they're paid. Money is like health: we tend to think about it most when we don't have it.
And it's also clear that people are very concerned with being paid fairly. For instance, if someone else is getting paid more to do the same job, that breeds unhappiness.
However-and this is the interesting part-once those conditions are met, money starts toRead More »from Is Pay the Most Important Thing About Work to You? to Others?