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Originally Posted by holymadness
You don't seem to have understood what an opportunity cost is. Let's say you spend 8-12 hours per week clipping coupons for a total savings of $50-$70. Your effective hourly wage for that time spent is between $4.16 and $8.75 an hour.
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Right. And...
Quote:
That is unambiguously a waste of time from the perspective of economic efficiency. Better to get a part-time job, or to upgrade your education to aim for a promotion, or to learn a revenue-generating or -saving skill (such as woodworking, canning, sewing, &c.).
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$ Childcare: $10-15/hour per child
$ Buying and maintaining work clothing and shoes
$ Transport to and from work and childcare, for self and children
And this is all assuming that (a) work is readily available for you in your area, and (b) you don't have a disability that means that very few will consider employing you, or that means you are unable to hold a fixed-hours job.
Have you really added this up properly? Are you sure your didactic and "unambiguous" conclusion applies to everyone you're lecturing?