4 ms·

1.5x the pay for double the hours isn't a trade-up though.

• sokoloff 8y ago
  If you're paid 100 units [after-tax] and your expenses are 80 units, you're left with a (higher than average) savings rate of 20% or 20 units of currency. If you double your hours, raise your pay to 150 units and inflate your lifestyle by 25% (from 80 units to 100 units), you are now making 150, spending 100 (with more luxury), and saving 50 units (250% of what you were saving before). That might be considered a trade-up (and is more or less the path I chose).
  • bryanrasmussen 8y ago
    and probably a portion of that luxury is stuff like cleaners and other labor saving services which means that a lot of time that was spent on non remunerative work is now spent on the work.