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Why Doing a Job That Pays More Doesn’t Increase Your Happiness

Why Doing a Job That Pays More Doesn’t Increase Your Happiness

Nod your head if you know someone who is not satisfied with their job, despite earning copious amounts of money. I’m pretty sure that you can at least name one person. Or maybe you are that person? Previous studies have shown that there is a positive correlation between income growth and happiness. The problem is, these were short-term studies.

Happiness-Income Paradox

In a research paper entitled Happiness-Income Paradox Revisited, Richard Easterlin, professor of Economics and founder of the field of happiness studies, revisits the happiness-income paradox or the Easterlin paradox. The study analyzed the happiness and income relationship – across a worldwide sample of 37 countries over a period of 22 years.

In speaking to Science Daily, Easterlin explains the paradox as follows:

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“Simply stated, the happiness-income paradox is this: at a point in time both among and within countries, happiness and income are positively correlated. But, over time, happiness does not increase when a country’s income increases.”

Easterlin goes on to say:

“Where does this leave us? If economic growth is not the main route to greater happiness, what is? We may need to focus policy more directly on urgent personal concerns relating to things such as health and family life, rather than on the mere escalation of material goods.”

The Factors of Improved Job Satisfaction And Happiness

Money then really doesn’t buy us happiness. Sure, it matters. We need it to survive. We need it to pay the bills. We need it to do stuff we enjoy. But our job satisfaction and ultimately our happiness does not depend solely on it. There are other factors to consider.

This is highlighted by Robert H. Frank – Economic Professor and NY Times contributor, in his article, The Incalculable Value of Finding a Job You Love.

Attractive working conditions, greater workplace autonomy, more opportunities for learning and enhanced workplace safety – are all factors. An important dimension of job satisfaction is also how people feel about their companies’ mission or values.

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Frank uses the example of someone weighing up two jobs for writing advertising copy for two different companies. The first is for the American Cancer Society campaign to discourage teenage smoking, and the second is for a tobacco industry campaign to encourage it. He asked his students at Cornell which one of these they would choose if the pay was identical. Almost 90% were in favor of the former. No surprise there.

But arguably one of the most important elements of job satisfaction and ultimately happiness is doing something you truly love. Psychologists have identified “flow” as one of the most satisfying human psychological states. It happens when you are so engrossed in an activity that you lose track of time and what is going on around you. During flow, people often experience deep enjoyment and creativity. Many people who do jobs they love can attest to experiencing such feelings.

Do A Job You Love, Money Doesn’t Matter

Wouldn’t you want to experience such feelings all the time? Particularly as you spend a huge portion of your life working. No one is denying the importance of money. After all, we need it to survive. We need it to pay the bills. But as Frank mentions:

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“…social science findings establish clearly that once you have met your basic obligations, it’s possible to live a very satisfying life even if you don’t earn a lot of money.”

It makes sense then to do a job you truly love, even if your earnings aren’t high. If you are someone who has already found that job, thumbs up to you and if you are someone who hasn’t, keep searching. Find that flow. It will be worth it.

Featured photo credit: Joshua Earle via unsplash.com

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Last Updated on October 18, 2018

50+ Best Motivational Quotes To Prepare You For Any Challenges In Life

50+ Best Motivational Quotes To Prepare You For Any Challenges In Life

Life is filled with highs and lows —happiness and struggles that will test your resilience and integrity, push you to overcome challenges and leave you with lessons that will make you even stronger on your way up.

It’s the way you feel and think about yourself, including your expectations and beliefs about what is possible to you, greatly determines everything that happens to you.

It all starts with your thoughts. When you change your thoughts, you transform the quality of your life. (Right, Nancy’s story is a typical example!)

Below is a list of the best motivational quotes to inspire you to start your day with a blast:

Quotes for self-assurance

1. Don’t downgrade your dream just to fit your reality, upgrade your conviction to match your destiny.

    2. You are braver than you believe, stronger than you seem and smarter than you think.

      3. You are confined only by the walls you build yourself.

        4. The man who has confidence in himself gains the confidence of others

          5. You attract what you are, not what you want. If you want great, then be great.

            6. It’s not who you are that holds you behind, it’s who you think your are not.

              Quotes about positivity

              7. Stop being afraid of what could go wrong and think of what could go right.

                8. You should never regret anything in life. If it’s good, it’s wonderful. If it’s bad, it is experience.

                  9. Falling down is an accident, staying down is a choice.

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                    10. If you have the power to make someone happy, do it. The world needs more of that.

                      11. Always believe that something wonderful is about to happen.

                        12. Don’t be afraid to give up the good and go for great.

                          13. Remember that life’s greatest lessons are usually learned from worst times and from the worst mistakes.

                            Quotes for work and success

                            14. Don’t talk, just act. Don’t say, just show. Don’t promise, just prove.

                              15. Never stop doing great just because someone doesn’t give you credit.

                                16. Discipline is doing what needs to be done, even if you don’t want to.

                                  17. Work while they sleep. Learn while they party. Save while they spend. Live like they dream.

                                    18. The key to success is to focus our conscious mind on things we desire, not things we fear.

                                      19. Never apologize for having high standards, people who really want to be in your life will rise to meet them.

                                        20. If it doesn’t challenge you, it won’t change you.

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                                          21. Never give up on a dream just because of the time it will take to accomplish it, time will pass anyway.

                                            22. Don’t fear failure. Fear being in the exact same place next year as you are today.

                                              23. A hill is just another opportunity to leave your competition behind.

                                                24. Don’t quit. You’re already in pain. You’re already hurt. Get a reward from it.

                                                  25. Hustle until you no longer need to introduce yourself.

                                                    26. You didn’t come this far only to come this far.

                                                      27. Be selective in your battles for sometimes peace is better than being right.

                                                        28 If we keep doing what we are doing, we’re going to keep getting what we’re getting.

                                                          29. You will never know your limits until you push yourself to them.

                                                            30. Do what you have to do until you can do what you want to do.

                                                              31. The man on top of the mountain didn’t fall there.

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                                                                32. If your dreams don’t scare you, they are not big enough.

                                                                  33. If you can’t handle stress, you won’t manage success.

                                                                    34. Don’t be pushed by your problems, be led by your dreams.

                                                                      35. Don’t mistake silence for weakness. Smart people don’t plan big moves out loud.

                                                                        36. Simplicity is the ultimate sophistication.

                                                                          37. Obsessed is the word the lazy use to describe dedicated.

                                                                            38. You become who you spend your time with.

                                                                              39. Be stubborn about your goals and flexible about your methods.

                                                                                40. Hard work beats talent when talent doesn’t work hard.

                                                                                  41. If you don’t build your dreams, someone else will hire you to build theirs.

                                                                                    42. Between stimulus and response is our greatest power –the freedom to choose.

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                                                                                      43. What comes easy won’t last, what lasts won’t come easy.

                                                                                        44. Don’t limit your challenges, challenge your limits.

                                                                                          45. Work until your idols become your rivals.

                                                                                            Quotes about money

                                                                                            46. Formal education will make you a living. Self-education will make you a fortune.

                                                                                              47. I create new enemies every day, it’s called business.

                                                                                                48. When you have a Million Dollar vision, don’t surround yourself with 1 cent minds.

                                                                                                  49. You can’t get rich thinking poor.

                                                                                                    50. Doing what is comfortable is rarely profitable.

                                                                                                      51. If you can count your money, work harder.

                                                                                                        If you find yourself feeling lost and frustrated, it’s never too late to change things up. Check out this guide:

                                                                                                        How to Start Over and Reboot Your Life When It Seems Too Late

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