Also social implications. Imo, humans are hard wired to care about relative social standing. Income is a measure/indicator of social standing, among other thin

Also social implications. Imo, humans are hard wired to care about relative social standing. Income is a measure/indicator of social standing, among other things. Ideologically, we're resistant to the idea that we care about our ranking. We should care about absolutes... so I think this one is hard to study. Generally speaking, human satisfaction tends to be relative. Relative to where we were. Relative to expectations... Relative to parents. Relative to last year. Etc.