this post was submitted on 15 Jun 2026
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Economics

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They measured happiness and income. Obviously this is not a controlled trial, so there are strong confounders with wealth/family/access to credit.

Still, in CA those who did best financially made incorporated businesses early and pushed to grow, while independent contractors had a pretty rough time. Happy folks gained expertise in a field and then incorporated (making less money, but still more than usual employment, and feeling pretty good about the whole thing).

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