this post was submitted on 05 Sep 2023
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Time might not totally be money, but they're definitely in a balance. I'm currently working 40 hours a week, but considering working less. That'd also lower my wage though, obviously. Beyond that I also notice that I tend to be much more likely to spend more money to safe time (i.e. paying the bicycle shop to fix my bike tire instead of fixing it myself). More and more I'm noticing that up to some limit time is money and money is time. And so I'm going to have to put a value on my (free) time.
I have been noticing this with myself as well. I have been putting a general price on my time to see if I should pay someone or do it myself. For example if it took me an hour to mow my lawn and I could pay someone $20 to do that, I value that hour more than the $20 and pay someone to do that for me.
It’s like a very small scale supply and demand.
I'd hope you're not paying $20 for an hours work in Australia, that would be illegal as it's less then minimum wage. (Assuming they're an adult anyway.)