SamuelRSmith on 21 April 2009
| wfz said: I thought that up to a certain point, people will work MORE if they get a raised salary, because the cost of leisure is going up. Once it reaches a certain magical point, people then start working less and less the more they make because now that they have more money, they are demanding more leisure. Or something like that? |
Well, the thing about these sorts of issues is that there is no true answer, it's mostly all just theory. Some will argue that there is a cut off point (like you are suggesting), others will say that work being a negative good is a sliding point (like I'm suggesting).
Of course, people can find statistics to help prove what they're saying, but, you know "there are lies, damned lies, and then there's statistics". It's one of the reasons why economics is such a widely debated subject.
In other news, I'm dead excited about tomorrow's budget announcement (from a political and economical point of view).
