No right or wrong but it is potentially a personal preference. Statistically, quality of life is being measured by the gross domestic product per capita of a country. We shall not start the debate of the various statistical measurements in the academic arena. Theoretically, it’s a simple question of “Are you happy with your life?” or cheered by many as having a work-life balance. The older generation will appreciate a safe neighbourhood or any other social indicators in having a peace of mind that their children or even grandchildren whom are out there would return home safe tonight. Would that be a better quality of life? Or would quality means holiday-ing every other month? Broadly speaking, it is one way or another, a form of utilitarianism.
On the other hand, quantity is simply measured purely by the green-bag indicator(s) and all relative unit measurements to it such as taxes and cost of living in monetary terms.
Optimisation of one’s life could be a simple linear function of both these elements? Or is there peak of either one element before it falls short of the other? Earning in blue-chip currencies (if there’s such a term) provides the advantage of the currency, quantity? And apparently, it provides a work-life balance as well, quality? Should the individual not be achieving both ideally? Well ... I've made my decision and I picked quantity over quality for the next five years.
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