I make approx. $32/hr at work. So for every two minutes that pass by while I'm sitting here, I earn $1. In a 40-hour week I earn approx. $1,280, but there are actually 168 hours in a week, so over the entire week of seven 24-hour days I earn $7.63 per hour or 13c every minute. Awake or asleep, working, working out, or just vegging out in front of the computer, I am accruing 13c for every minute that goes by.
Say it takes me one hour to perform a chore, like mowing my lawn; that's $7.63 of my time. If I pay someone to mow my lawn for me I will naturally compensate them more for their expertise, but if I can do the same job myself...for a lot cheaper, aren't I better off doing it myself? Hmmm, am I?
Let's say the Lawnmower Man charges me $15 to cut my lawn, which is a task I can do myself in one hour. In real terms I make $7.63 during that hour, so the $15 I pay the Lawnmower Man is offset by the $7.63 I make during that hour, meaning it really only costs me $7.37 to have the Lawnmower Man do the job, $7.37 is almost exactly one hour of my time anyway. So I can either spend a real hour cutting my lawn myself, or I can pay the Lawnmower Man to do it, and either way the real cost is the same (or close to). Interesting, no?
How much is your time worth?
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5 comments:
I am worth my weight each day in gold, diamonds & other expensive and precious things.
:)
In uncle sams world? I am worth $1.31 an hour.
even the lawn dude makes more than I do...
**sigh**
I need a beer ~ you coming?
I've already got a pitcher on the table. Where are you?
Shouldn't you factor in other issues as well, such as laziness or perfection (like, I might be able to mow my own lawn but I wouldn't do as good a job because I'm not a professional)?
Man, I just sighed when I read how much you make. I could never hope to make that much in the line of work I was in.
I make approximately 1.03G per minute ;)
Wolfgangdoom
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