Jeffry Milrod

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satisfaction among British workers was strongly correlated with changes in workers’ pay rather than the level of pay itself. In other words, people generally grow accustomed to their current pay level, however low or high. A raise is great and a pay cut is very upsetting, regardless of the actual amount of the base salary.
The Upside of Irrationality: The Unexpected Benefits of Defying Logic at Work and at Home
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