3 ms·

What do you mean by your so called "need"?

coldtea 6y ago
The casual/dictionary one. With 3-4 million (less in many countries) all your needs are covered for life. You wont die or have any harmful effect (lack of job, nutricion, housing, clothing, health coverage) when you don't get to have more, except for things common to everybody like natural death, accidents etc. If you go for more, you do it for various wants, not for needs. Even when it comes to happiness, there's a plataeu at around that level: https://www.huffpost.com/entry/map-happiness-benchmark_n_5592194?guccounter=1&guce_referrer=aHR0cHM6Ly93d3cuZ29vZ2xlLmNvbS8&guce_referrer_sig=AQAAAHmWYAIFfzsAISH6pUFmI1FScWWxGaMG_zuVnm2ggRhJIhR1AEpi82ClWGpNMNIEPFWgGK88wXJOxnw_XSEgzHxBSx8Lujg76-T5t_1MugOVOCoBrjpCig9MnOoD3ulps0FmDhcA3u7ws-5uOf5irglNnVJh74BNhkTBqDmO98C_ https://www.huffpost.com/entry/map-happiness-benchmark_n_559...
- YetAnotherNick 6y ago
  > lack of job, nutricion, housing, clothing, health coverage Minimum wage is enough for this. And the link you shared couldn't get the analysis more wrong just to come up with clickbaity title. They are taking average happiness of state and average wage, and even then the data doesn't look like it is plateauing.
  - coldtea 6y ago
    >Minimum wage is enough for this. Minimum wage? LOL. Even with a $80,000 salary, in the US a medical or other emergency (e.g. getting fired in a bad economy), can leave you unemployed, homeless, or living with a big debt. Even worse so for your retirement prospects (or lack thereof). With a few cool million in the bank you don't need to worry about any of those things. >And the link you shared couldn't get the analysis more wrong just to come up with clickbaity title. They are taking average happiness of state and average wage, and even then the data doesn't look like it is plateauing. Missed this part, linked to from the article? https://www.pnas.org/content/107/38/16489.abstract https://www.pnas.org/content/107/38/16489.abstract Or the fact that "non plateuing" still shows clear diminishing returns... Why exactly do you think e.g. 10 million will make you any happier than e.g. 5 million (never mind anywhere close to double as happy)?
  - rualca 6y ago
    > Minimum wage is enough for this. Give a minimum wage job a try for a couple of years and afterwards let me know if you still believe in that.
    - YetAnotherNick 6y ago
      Can you even understood what I said. I have more needs than "lack of job, nutricion, housing, clothing, health coverage". If I have have 10 million dollar, I wouldn't reject earning another 10 million dollar. I am answering the poster whos said "need" is defined as that for which I think minimum wage could do. My need is dynamic in that case.
      - coldtea 6y ago
        >My need is dynamic in that case. That's because you confuse wants and needs. Both the historical understanding of the terms and the dictionary definition are different.

The casual/dictionary one. With 3-4 million (less in many countries) all your needs are covered for life. You wont die or have any harmful effect (lack of job, nutricion, housing, clothing, health coverage) when you don't get to have more, except for things common to everybody like natural death, accidents etc. If you go for more, you do it for various wants, not for needs. Even when it comes to happiness, there's a plataeu at around that level: https://www.huffpost.com/entry/map-happiness-benchmark_n_5592194?guccounter=1&guce_referrer=aHR0cHM6Ly93d3cuZ29vZ2xlLmNvbS8&guce_referrer_sig=AQAAAHmWYAIFfzsAISH6pUFmI1FScWWxGaMG_zuVnm2ggRhJIhR1AEpi82ClWGpNMNIEPFWgGK88wXJOxnw_XSEgzHxBSx8Lujg76-T5t_1MugOVOCoBrjpCig9MnOoD3ulps0FmDhcA3u7ws-5uOf5irglNnVJh74BNhkTBqDmO98C_ https://www.huffpost.com/entry/map-happiness-benchmark_n_559...

YetAnotherNick 6y ago
> lack of job, nutricion, housing, clothing, health coverage Minimum wage is enough for this. And the link you shared couldn't get the analysis more wrong just to come up with clickbaity title. They are taking average happiness of state and average wage, and even then the data doesn't look like it is plateauing.
- coldtea 6y ago
  >Minimum wage is enough for this. Minimum wage? LOL. Even with a $80,000 salary, in the US a medical or other emergency (e.g. getting fired in a bad economy), can leave you unemployed, homeless, or living with a big debt. Even worse so for your retirement prospects (or lack thereof). With a few cool million in the bank you don't need to worry about any of those things. >And the link you shared couldn't get the analysis more wrong just to come up with clickbaity title. They are taking average happiness of state and average wage, and even then the data doesn't look like it is plateauing. Missed this part, linked to from the article? https://www.pnas.org/content/107/38/16489.abstract https://www.pnas.org/content/107/38/16489.abstract Or the fact that "non plateuing" still shows clear diminishing returns... Why exactly do you think e.g. 10 million will make you any happier than e.g. 5 million (never mind anywhere close to double as happy)?
- rualca 6y ago
  > Minimum wage is enough for this. Give a minimum wage job a try for a couple of years and afterwards let me know if you still believe in that.
  - YetAnotherNick 6y ago
    Can you even understood what I said. I have more needs than "lack of job, nutricion, housing, clothing, health coverage". If I have have 10 million dollar, I wouldn't reject earning another 10 million dollar. I am answering the poster whos said "need" is defined as that for which I think minimum wage could do. My need is dynamic in that case.
    - coldtea 6y ago
      >My need is dynamic in that case. That's because you confuse wants and needs. Both the historical understanding of the terms and the dictionary definition are different.