Overrated: The “Psychic Benefits” of Nonprofit Work

chickencharity 200pxOne justification for the lower salaries of nonprofit employees relative to those of their for-profit peers is the idea of  “psychic benefit.” The emotional and spiritual riches one acquires from helping others are supposed to compensate for one’s lack of more worldly riches. Dan Pallotta of Harvard Business College believes that this argument is wrong on several levels.

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