Post
Topic
Board Economics
Re: Time as a medium of exchange? Why do we use money?
by
MoneyIsWorseThanCancer
on 22/05/2018, 02:16:34 UTC
I feel there is no exemption to the rule of money when it comes to goods and services requirement, because that is just how all economies of life are based upon as the medium. But I believe time itself is the real money. Ability to purposefully utilize your time on business matters and not frivolities may determine the amount of money that would come as your reward. But we can not unfortunately reward time better than money. I feel, we should be master of our self in time management and ensure we reward time spent for us in any services based on the factor surrounding the labor other than the production face value alone.

 What is the difference if I get paid 10$ and you get paid 15$, or I get paid 1 hour and you get paid 1 hour and 30 minutes?  employers give different rates to different people for different jobs or even the same job, it comes out of the employers time bank.