What motivates us isn't money
Yes, I know you'll think otherwise. You'll think: "Dan's lost the plot." But it turns out research data overwhelming supports the view that once you don't have to worry about money (ie. you're not wondering where the next meal is coming from or whether the gas bill and rent are going to be paid) and once you are doing a task that is even partially intellectual or conceptual, money isn't what motivates us . If you don't believe me, watch this video featuring animations imposed on Dan Pink's talk: It seems the science is irrefutable: money doesn't motivate us beyond simple mechanical tasks or the sense of financial urgency. Instead we are motivated by three different factors: Autonomy Mastery Purpose This explains a LOT - particularly why micromanagers are so bad at "managing" people. They ignore the fact that no amount of money takes the place of having a sense of autonomy, mastery and purpose in our work lives. ...