Imagine not being "satisfied" with a ~85th percentile wage[1]. Anyone who earns more than $150k/yr should be forced to spend 6 months every 5 years working a minimum wage retail job. They can keep earning their normal salary in escrow until they're done with their "get some damn perspective" temp job.
I assume someone running a very successful lifestyle business of this sort 1) Probably had a pretty good chance of making nothing at all or even lost money and 2) Could make more money with benefits etc. if they just took a job at a big company.
So, yes, they’ve done pretty well but they took a risk and still probably didn’t come close to maximizing comp even they had a rather good outcome.
And I just threw out the $150k number because it’s a very good outcome. Could just as easily be something a lot lower including negative.
While I do agree it would be good for those who haven't experienced poverty to get a taste of it, it's not realistic to expect people to feel satisfied simply because they are more fortunate than some other group. Success is always perceived relative to your surroundings and the possibilities available.
> Imagine not being "satisfied" with a ~85th percentile wage.
In aggregates: Household income > individual income > wage/salary; you've confused the first with the last.
$150K is beyond 90th percentile individual income. [0] I can’t find wage/salary percentiles separately, but its probably even further beyond 90th percentile there.
I think most of the founders on HN are far above the 85th percentile in intelligence (let's not get into the philosophical arguments about it), so why would they be satisfied with that?
Because, being over 85th percentile in intelligence, they would be more likely than average to realize that the marginal impact of income on experienced utility declines sharply the higher you go on the income distribution. (Especially if they’ve experienced life at a variety of income levels, including some near the 85th percentile.)
Marginal impact decreases, but the absolute impact is still positive... And the marginal impact is still quite high at the 85th percentile of income because the income distribution is very skewed (the absolute dollar difference from 85th percentile to 99th percentile, where most HN / YC founders probably are on the intelligence scale, is probably much greater than the absolute dollar difference from 15th to 29th percentile, as an example).
[1] https://dqydj.com/average-median-top-household-income-percen...