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Kate Pickett & Richard Wilkinson: Wellbeing Over Growth

SystemShift

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The Effect of Status Competition on Happiness and Well Being

In an unequal society you tend then to be normally more focused on material things or income and spending rather than other ways of getting appreciation from your peers. Inequality makes money more important because of this status competition but it also explains a very important issue that we are happier while well being increases if we earn more in our society. As rich countries get richer their happiness and well being does not increase so it works for individuals but it doesn't work for the whole society.

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