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Poorer countries = happier than richer countries Watch

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    Check out this cheeky little sweaty anecdote TSR, what do you make of it?

    An American investment banker was at the pier of a small coastal Mexican village when a small boat with just one fisherman docked. Inside the small boat were several large yellowfin tuna. The American complimented the Mexican on the quality of his fish and asked how long it took to catch them.

    The Mexican replied, “only a little while. The American then asked why didn’t he stay out longer and catch more fish? The Mexican said he had enough to support his family’s immediate needs. The American then asked, “but what do you do with the rest of your time?”

    The Mexican fisherman said, “I sleep late, fish a little, play with my children, take siestas with my wife, Maria, stroll into the village each evening where I sip wine, and play guitar with my amigos. I have a full and busy life.” The American scoffed, “I am a Harvard MBA and could help you. You should spend more time fishing and with the proceeds, buy a bigger boat. With the proceeds from the bigger boat, you could buy several boats, eventually you would have a fleet of fishing boats. Instead of selling your catch to a middleman you would sell directly to the processor, eventually opening your own cannery. You would control the product, processing, and distribution. You would need to leave this small coastal fishing village and move to Mexico City, then LA and eventually New York City, where you will run your expanding enterprise.”

    The Mexican fisherman asked, “But, how long will this all take?”

    To which the American replied, “15 – 20 years.”

    “But what then?” Asked the Mexican.

    The American laughed and said, “That’s the best part. When the time is right you would announce an IPO and sell your company stock to the public and become very rich, you would make millions!”

    “Millions – then what?”

    The American said, “Then you would retire. Move to a small coastal fishing village where you would sleep late, fish a little, play with your kids, take siestas with your wife, stroll to the village in the evenings where you could sip wine and play your guitar with your amigos.”
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    This anecdote unfortunately does not reflect the data. In general, there is a trend between wealth and happiness, and this leads to richer nations generally being happier ones. The studies that have been done on the relationship between a country's wealth and its population's happiness have found various results, none of which support the idea that poorer nations tend to be happier.

    Numerous studies have explored the question of whether people in rich countries are happier than people in poor countries, and three dominant perspectives have emerged. The first is that the relationship between income and well-being is weak at best (Easterlin, 1974). The second is that there is a positive relationship, but it tapers off or ceases to exist once a certain level of income is reached (Myers, 2000; Veenhoven, 1991). The third perspective is that the relationship is positive and linear (Deaton, 2008; Diener, Diener, & Diener, 1995; Diener, Sandvik, Seidlitz, & Diener, 1993; Stevenson & Wolfers, 2008).
    http://positivepsychology.org.uk/pp-...-us-happy.html
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    Is there any actual real way to measure happiness? Surely it's entirely subjective?
 
 
 
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