Ohio Delight

Dan Price, the founder of Seattle credit card processor Gravity Payments, read an article from the National Academy of Sciences that (according to him) suggests employees with an annual income over $70,000 are more likely to be happy. (I’ve read the same article and believe it says nothing of the sort.) Last week Mr. Price made all of his 120 employees very happy (at least temporarily) by announcing he would raise their salaries over the next three years to at least that amount. The average salary at Gravity Payments is currently $48,000. As far as money buying happiness, I subscribe to Mr. Micawber’s advice from Great Expectations: “Annual income twenty pounds, annual expenditure nineteen pounds nineteen shillings and six pence, result happiness. Annual income twenty pounds, annual expenditure twenty pounds ought and six, result misery.”