4 ms·

But rich people have less time because time is more valuable to them.

by mruts 8y ago

Steve44 8y ago
I'd say they have the same amount of time, the difference is how they choose to use it. Going away for a weekend is great use of their time if they enjoy it and also get a benefit (both physically and mentally) out of it. Doing the sport is valuable to them.
dmos62 8y ago
Isn't that debatable? Actually, it's debatable what your statement means. What's value? How much you make per time unit? Or, if you live pay check to pay check, maybe time is more valuable than when you're rich, because if you don't invest that time unit, you won't be able to pay rent?
- simonsarris 8y ago
  It's pretty well studied that poor people in the US have more free time/leisure time than rich people. Ex: https://www.theatlantic.com/business/archive/2016/09/the-free-time-paradox-in-america/499826/ https://www.theatlantic.com/business/archive/2016/09/the-fre...
puranjay 8y ago
I'd say that rich people time is more "stretchable" Time is a fixed quantity for poorer people. If you don't show up to your 8AM Walmart job on time, you'll get chewed out. But if you're a senior VP, you can move meetings around to fit your schedule.
alistairSH 8y ago
Not sure I follow. First, the article doesn't appear to talking about actual rich people (billionaires, etc) but upper-middle-class white-collar people (i.e., they still have a day job and can't live off savings & interest). But, we can call them rich to keep it easy. In a literal sense, rich people have more time, as they tend to live longer than poor people. In the sense of day-to-day free time, I'd argue rich people have more. Both in absolute terms - they rarely have to work two jobs, though they might do occasional OT. And in their ability to time-shift work obligations. Take a software dev - typically they have flexible work hours, might have some ability to schedule their own meetings, and nobody blinks if they duck out early once a week for a long run/ride/whatever.
mlrtime 8y ago
Rich people can trade money for time, example: flying private.
- mruts 8y ago
  And they trade money for time because their time is more valuable..
francisofascii 8y ago
Related: Why Rich People work more hours... https://blogs.harvard.edu/michaellaw/2014/04/18/why-rich-people-work-longer-hours/ https://blogs.harvard.edu/michaellaw/2014/04/18/why-rich-peo...

But rich people have less time because time is more valuable to them.

by mruts 8y ago

But rich people have less time because time is more valuable to them.

I'd say they have the same amount of time, the difference is how they choose to use it. Going away for a weekend is great use of their time if they enjoy it and also get a benefit (both physically and mentally) out of it. Doing the sport is valuable to them.

dmos62 8y ago

Isn't that debatable? Actually, it's debatable what your statement means. What's value? How much you make per time unit? Or, if you live pay check to pay check, maybe time is more valuable than when you're rich, because if you don't invest that time unit, you won't be able to pay rent?

simonsarris 8y ago
It's pretty well studied that poor people in the US have more free time/leisure time than rich people. Ex: https://www.theatlantic.com/business/archive/2016/09/the-free-time-paradox-in-america/499826/ https://www.theatlantic.com/business/archive/2016/09/the-fre...

puranjay 8y ago

I'd say that rich people time is more "stretchable" Time is a fixed quantity for poorer people. If you don't show up to your 8AM Walmart job on time, you'll get chewed out. But if you're a senior VP, you can move meetings around to fit your schedule.

alistairSH 8y ago

Not sure I follow. First, the article doesn't appear to talking about actual rich people (billionaires, etc) but upper-middle-class white-collar people (i.e., they still have a day job and can't live off savings & interest). But, we can call them rich to keep it easy. In a literal sense, rich people have more time, as they tend to live longer than poor people. In the sense of day-to-day free time, I'd argue rich people have more. Both in absolute terms - they rarely have to work two jobs, though they might do occasional OT. And in their ability to time-shift work obligations. Take a software dev - typically they have flexible work hours, might have some ability to schedule their own meetings, and nobody blinks if they duck out early once a week for a long run/ride/whatever.

mlrtime 8y ago

Rich people can trade money for time, example: flying private.

mruts 8y ago
And they trade money for time because their time is more valuable..

francisofascii 8y ago

Related: Why Rich People work more hours... https://blogs.harvard.edu/michaellaw/2014/04/18/why-rich-people-work-longer-hours/ https://blogs.harvard.edu/michaellaw/2014/04/18/why-rich-peo...