Wednesday, July 02, 2008

Money > Time

The New York Times’ Freakonomics Blog recently posted one of the most interesting things I’ve ever read. In his paper Daniel Hamermesh states that the average American is three times richer than in 1955, but life expectancy has only increased at 10%. This means that for most people time has become relatively scarce compared to money. We have more money, but less time to spend it. Don't you find this true in your own life? You feel stressed out because you can’t do everything available to you. Also interesting is the divergence between the rich and the poor. The wealthy feel the stress of time much more since the price of their time is higher. This has only reaffirmed my desire to teach. Sure it is a low paying job, but it is comparably less stressful. The best part of the article was the author’s solution/advice: give your money away. It’s something we should all think about as I expect this disproportionate growth to continue increasing at increasing rate.

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