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Will more money make you happier? Well, that depends on if you are paid hourly or salary according to a new study published in Personality and Social Psychology Bulletin. Read More
Money
Great article, Adoree. At first it sounds counter-intuitive, but it makes sense. I used to be a salary-guy, as they say, and made more than I do consulting part-time, but there is something about knowing you are being paid for every minute you are on task that is exhilirating! So, time to get back to that shovel!
Dan B
By the hour
Were the salaries of the workers somewhat similar? More hourly workers are lower paid therefore changes in wages have more impact to those living closer to the edge.
Saliency of hourly pay
I think it does come down to the saliency of knowing each hour of work you put in is worth a certain amount of money. It has been a long time since I made an hourly wage but I miss being aware of what each hour of my time is worth and knowing that if I put in extra time I get extra money! Thanks for the interesting article!
i strongly agree, i do side
i strongly agree, i do side tasks beside my job and i earn instant cheques, it really feels great even if the amount is small
Salary vs Hourly
Happiness per hour. Hourly employees are usually hyper aware of what they make per hour. Why? Because they see it in black and white every check they get.
Salary is a little more gray...
"Salary is for suckers" is a phrase that gets thrown around sometimes.
Why? Because a lot of the time if you actually look at how many hours salaried employees spend on the job and the factor that into their salary a lot of the time they actually make less than hourly employees.
hourly vs salary
I can certainly testify after 13 years at a salary position (currently hourly) that this logic is straight from the no shit sherlock department...no overtime and too many hours for 13 years will evoke that feeling anyway.
Linda C was spot on
Often hourly paid positions are paid less than salaried ones. Clearly if you make less even small pay changes affect you to a greater extent. Was salary amount controled for?
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