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I would like to point out that not all hours of the day are spent "generating value".
by litewulf 18y ago
I would like to point out that not all hours of the day are spent "generating value".
- byrneseyeview 18y agoIf your time is worth $30 per hour, but you enjoy cleaning enough that you aren't willing to pay $10 per hour for it, you're implying that you would sacrifice $20 per hour to clean. So when you retire, will you pay people that much for the chance to clean their house?
- jcl 18y agoThere is some inefficiency, for example, in paying someone to mow your lawn while you go to the gym, paying to walk on a treadmill. :)
- litewulf 18y agoI think you are misunderstanding me. Not every hour in the day is worth $30/hr. In fact, I am paid a salary and thus the more I work the less my hourly wage! What I'm saying is that on the weekends for example, it is unlikely I would be able to make $30/hour. I might be able to do contract work... but then I'd have to hunt for work, so its difficult to really assign a dollar value to that.
- netcan 18y agoOnly worth $30 hr if you would have been working $30hr instead of cleaning.
- DabAsteroid 18y agoWhen one does occasional menial-work oneself: 1. It is tax free, and therefore worth somewhat more. 2. It is supervision-cost free, and therefore worth somewhat more. 3. It is hiring-cost free, and therefore worth somewhat more. 4. It doesn't show up as a business expense, otherwise potentially costing thousands or millions of dollars at exit. 5. It is not necessarily done as slowly or as sloppily as by the typical $10/hr worker. It might very well be done four times as fast. 6. The security risk/cost of having a once-in-a-while worker (who could be casing the place, or spying, or actively stealing while there {a lot of thieves admit they get car-keys this way}) in one's home or business is avoided.
- ReverendBayes 18y agoPossibly the stupidest non sequitur I have read here in a while. You're joking, right?