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Re:Invisible Asymptotes (2018)
by aionaiodfgnio on Saturday July 29, 2023 @01:19PM
(#36922393)
By "poor", I actually meant "not stupendously wealthy". This includes the merely rich.
A doctor or lawyer or FAANG engineer knows exactly how to translate their time into quality of life. A wealthy person cannot possibly do this. Their quality of life will not change even if they change their net worth by an order of magnitude in either direction. If their time is valuable at all, its value is unknowable.
My classic example is if you go to a crafts store you will find 200 different skeins of acrylic yarn and one of wool. It takes 20 hours to knit a scarf with either, it will come out much nicer than wool, people really must not value their time very much.
Anyone who has grown up poor or known those who are poor has seen this in action. People will go to great lengths to not spend small amounts of money to the point that working for minimum wage would take less time to cover the expense.