A ten-minute piece on Motivation, by Dan Pink, author of Drive (with… - Zer Netmouse — LiveJournal
How much? About as much as I'm currently making, actually, or even rather less.
I've read some of the studies that (I think) the presentation was referring to, however, and my take on them was not that higher pay leads to worse performance, but rather that the possibility of higher pay leads to worse performance. It's the anticipation of large sums of money and the uncertainty about whether you'll get it that is distracting and leads to lower performance. A steady paycheck, no matter how high, is neither an incentive for greater work nor a distraction from your current work. It's just something that shows up at the end of the pay period, not something that you either daydream or worry about. IMHO and in my personal experience.
This actually makes a lot of sense to me. A couple of years ago I was in a situation where I could be earning quite substantial bonuses. I had some problems in my work and personal life, and I think that the possibility of affecting my bonus was something that I think affected me subconsciously, and looking back was a factor in my worsening performance.
Nowadays there's no bonus on the table, and I do find I feel liberated as a result. Poorer but liberated.
But yeah, it's the work I do outside work outside work that gives me the autonomy and other stuff.