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...reference-income hypothesis is rather abstract. The researchers wondered whether there was a more nuanced way to capture how people valued their income. They reasoned that people tend to make specific comparisons of personal wealth, not only with the average income of the larger population, but with the individual incomes of their neighbors, colleagues at work or friends from college. And the higher their rank, the greater their sense of happiness and self-worth would likely be. "For example, people might care about whether they are the second most highly paid person, or the eighth most highly paid person...

Author: /time Magazine | Title: Study: Money Isn't Everything — But Status Is! | 3/23/2010 | See Source »

Boyce and Moore found that an individual's rank, viewed this way, was a stronger predictor of happiness than absolute wealth. The higher a person ranked within his age group or neighborhood, the more status he had and the happier he was regardless of how much he made in dollars (or, in the study's case, pounds). "What we're trying to do is understand and explain why, over 30 to 40 years, the large economic growth we have experienced hasn't made us any happier," says Boyce. "If absolute income matters, as we increased our income, everybody should...

Author: /time Magazine | Title: Study: Money Isn't Everything — But Status Is! | 3/23/2010 | See Source »

...Marines lacked the element of surprise; to minimize civilian casualties, U.S. and NATO commander General Stanley McChrystal had warned of the offensive weeks in advance. The drug traffickers and many of their Taliban protectors had cleared out long before Operation Moshtarak (Dari for together) began. (See pictures of Person of the Year 2009 runner-up General Stanley McChrystal...

Author: /time Magazine | Title: Afghanistan's Fix | 3/22/2010 | See Source »

...course. If I don't support them, why support the appointment of any other person? Their sexuality is as much a part of who they are as my race is. They don't choose it. I don't choose it. Two of my chaplains when I was Archbishop were gay. One is now a bishop, and the other is the dean of a cathedral...

Author: /time Magazine | Title: 10 Questions for Desmond Tutu | 3/22/2010 | See Source »

...though, Demand still needs humans - namely, writers, editors and video producers - to crank out content. That's where its horde of more than 7,000 freelancers comes in. One person earns a few cents for taking the algorithm's output and turning it into a headline. Another person writes the article, typically earning $3 to $15, depending on the specified length, and passes it on to a copy editor, who banks $3.50 for fact-checking and fiddling with grammar. All told, it may take less than a day, at a cost of less than $10, for a short article...

Author: /time Magazine | Title: Working for Demand Media: The Web's Biggest, Scariest Content Machine | 3/22/2010 | See Source »

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