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TTC On Strike? (pg. 8)
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| Jayx1 |
actually i consider my spare time to be worth much more than what my paid time actually pays. So $20 an hour is a conservative number.
Time = money is a very very basic principal of economics. |
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| timmyboy |
| quote: | Originally posted by MarkT
nah, that's a bogus argument for the vast majority of the population. Most people can't work unlimited hours...and wouldn't choose to, even if they could.
If you make $20/hour while working a 9-5, and you have to get up an hour earlier to take the TTC vs. driving, it does NOT follow that you're somehow "out $20" as a result. Your time is only worth what you WOULD HAVE otherwise earned if you weren't in transit...you would have been sleeping...so "time = money" does not apply ;)
this is an argument about convenience...no matter how you crunch the numbers, transit is cheaper than owning a car in most cases. |
You seem to devalue free time considerably. Now let me ask you what would happen if you got $100 an hour but were forced to work 24 hours a day with out rest or sleep. Would any of your free time be worthless? As in you wouldnt give anything for an hour of rest or sleep or just wathicng TV? Of course each person values their free time differently, but the argument still stands. |
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| MarkT |
then the correct answer is "my time is valuable"...not time = money.
I agree with you though...if my free time was only worth what I get paid (and I'm hardly complaining about my pay structure), then I'd be working 12-14 hour days all the time (and that's not going to happen!)
it's really annoying when people say "I get paid (x) per hour, and you've wasted an hour of my time!". well...if you took upaid time off work to do whatever you're doing, then it's a legitimate comment...otherwise, it's kind of stupid. |
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| Jayx1 |
| But travelling to work can be considered work since you wouldnt be travelling otherwise. Therefore any extra time it takes to use transit as opposed to the most time efficient way (car) is considered wasting time and money. |
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| timmyboy |
| quote: | Originally posted by MarkT
then the correct answer is "my time is valuable"...not time = money.
I agree with you though...if my free time was only worth what I get paid (and I'm hardly complaining about my pay structure), then I'd be working 12-14 hour days all the time (and that's not going to happen!)
it's really annoying when people say "I get paid (x) per hour, and you've wasted an hour of my time!". well...if you took upaid time off work to do whatever you're doing, then it's a legitimate comment...otherwise, it's kind of stupid. |
well you got most of it right... but if i gotta be anal then ill point out that technically time = money argument is valid altho vague :tongue2 |
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| AwakenedAddict |
I think what MarkT was trying to say was that people cannont work unlimited hours, ie they work a set amount of hours per day/week. If the number of hours is fixed, then they amount of pay is fixed as well. Therefore, if pay is constant, the cheaper mode of transportation (TTC) would be the optimal mode of transportation for such a worker because the worker would gain nothing from arriving early to work (can't work more hours) and the worker would benefit from the lower overall cost of public transportation.
So to recap, time does not = money for such a worker because he cannot gain added benefit from work time above the standard quota. |
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| AwakenedAddict |
| I like to say, time = happiness :p |
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| timmyboy |
| quote: | Originally posted by AwakenedAddict
I think what MarkT was trying to say was that people cannont work unlimited hours, ie they work a set amount of hours per day/week. If the number of hours is fixed, then they amount of pay is fixed as well. Therefore, if pay is constant, the cheaper mode of transportation (TTC) would be the optimal mode of transportation for such a worker because the worker would gain nothing from arriving early to work (can't work more hours) and the worker would benefit from the lower overall cost of public transportation.
So to recap, time does not = money for such a worker because he cannot gain added benefit from work time above the standard quota. |
one question: hypothetically, if you could work 24/7, would you? |
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| Jayx1 |
| i dont expect socialist to understand time = money anyways |
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| AwakenedAddict |
OK, I understand that a value can be placed on time... i've taken Economics 100. WOW
All I was saying is that in the particular case of a person with a FIXED amount of work hours, he gains no benefit from arriving to work early and hence (to actually talk about the thread topic) the TTC is a better option than a car for this person. |
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| timmyboy |
| quote: | Originally posted by AwakenedAddict
OK, I understand that a value can be placed on time... i've taken Economics 100. WOW
All I was saying is that in the particular case of a person with a FIXED amount of work hours, he gains no benefit from arriving to work early and hence (to actually talk about the thread topic) the TTC is a better option than a car for this person. |
you are still looking at it from the perspective that the only value in life can be summarised by money...
as in the above example... you wouldnt arrive to work early, you would arrive on time but you would leave later because it doesnt take as long to get to work and thus, say sleeps an extra 30 mins... which in my books is worth a lot more than $0 |
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