Having free memory sitting around doing nothing has no value. Having memory instantly available when requested, and having previously-read file data near-at-hand is the goal.
With that in mind, Mavericks and Yosemite completely re-vamped how memory is used. Now, regardless of how much you install in your Mac, you will see that almost all the installed memory will appear to be used up used in short order. Previously-read file data are kept in a special section so that when requests are made, this category is instantly re-allocated to fill your Applications' memory requests. In addition, certain portions of memory are stored in compressed form, which can be un-compressed for use in a tiny fraction of the time needed to fetch from a Drive.
The important factor to inspect to see if your memory is being used in an optimum way is the new "Memory Pressure" graph. If all green, your memory use is optimum. This is explained in this new article under Memory:
OS X Mavericks: About Activity Monitor
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