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In this episode of Sound Money, Steve McGarry talks about how happiness fits in a business. Steve reveals how measuring happiness is a difficult task for business owners. However, they can do it by engaging customers in a survey about their products or services. Neoclassical economic theories suggest that a higher income will make people happy. However, Steve notices that the new generation of employees is switching to remote jobs to have quality leisure. Steve talks about the study of Daniel Kahneman and Angus Deaton to support how a higher pay might not improve emotional well-being.
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In this episode of Sound Money, Steve McGarry talks about how happiness fits in a business. Steve reveals how measuring happiness is a difficult task for business owners. However, they can do it by engaging customers in a survey about their products or services. Neoclassical economic theories suggest that a higher income will make people happy. However, Steve notices that the new generation of employees is switching to remote jobs to have quality leisure. Steve talks about the study of Daniel Kahneman and Angus Deaton to support how a higher pay might not improve emotional well-being.