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Dfiesl | 6 months ago

Its a neat and rational way of looking at things but does it always make sense to give your time a monetary value?

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moritzwarhier|6 months ago

Also, when I'm.. ehm.. accidentally reading blogspam in my spare time, who's reimbursing me?

And if I'm actually reading instead of working, isn't the time I spend more of a debt than a declaration that I want to donate as much money as I wasted by not working for X minutes?

Employers haven't paid me for spending a lot of time with them so far.

But let's stick with the argument and claim that our time is worth the hourly rate of whoever creates what we consume. That also doesn't make sense, no matter how charitably I view it, for media.

Even if I want to live in a radically equal society where everyone's time is worth the same amount of money, it would only make sense when trading 1:1 - for example, I can compare my hourly rate to that of my barber, if I pretend there are no corporations, no taxes etc.

But yeah, to be brief, no, it doesn't make sense to give all of your time a monterary value. And when it comes to non-working time, I even find it to be a deeply gross way of thinking. Not regarding the willingness to pay, it's fair to think about your own income and how other workers have to make ends meet and to put it into perspective.

maximus_01|6 months ago

If you invert it, though, money is really compensation for time (directly or indirectly). Most of the things you pay money for are compensating someone for time spent (whether that time was spent in the past, present or future). Why is it so hard to go in the other direction? It doesn't mean that you think money is more important than time or anything. It's just that people trade one for the other. Even if you remove the money element altogether, you have a finite amount of time and should value it as such.

I also never said anything about equality or that an engineer or a scientists time is necessarily worth the same as other occupations. I was pointing to a very large disparity (paying a very small amount for content that one clearly values, if they value their time). You can put whatever numbers you want in my original comment and my point would stand.