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I'm not asking to be rich.
(lemmy.world)
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this post was submitted on 10 Nov 2023
1758 points (97.2% liked)
Work Reform
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A place to discuss positive changes that can make work more equitable, and to vent about current practices. We are NOT against work; we just want the fruits of our labor to be recognized better.
Our Philosophies:
- All workers must be paid a living wage for their labor.
- Income inequality is the main cause of lower living standards.
- Workers must join together and fight back for what is rightfully theirs.
- We must not be divided and conquered. Workers gain the most when they focus on unifying issues.
Our Goals
- Higher wages for underpaid workers.
- Better worker representation, including but not limited to unions.
- Better and fewer working hours.
- Stimulating a massive wave of worker organizing in the United States and beyond.
- Organizing and supporting political causes and campaigns that put workers first.
founded 1 year ago
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NO IT'S NOT, THESE ARE TWO DIFFERENT PHENOMINA.
Diminishing returns: My first dollar buys a loaf of bread necessary for my survival, my millionth buys me 0.01% of a sports car.
Hedonic treadmill: Neither my sports car nor loaves of bread seem as wonderous to me after they've become a part of my routine.
Not to be contrary, but the last line of the summary in the wiki article is:
I would infer from that, that increased wealth has increasingly diminishing returns after a certain point.
I did try to follow the link, but Investopedia broke it on their end and I can't seem to find it (aside: wooof, that is a bad layout). Any good sources for me?