I generally agree with this, and would like to reemphasize “I think this is a direction that it would be valuable for more people to move in, on the margin.”
i think less people fall into the trap of trading inefficiency for frugality (although plenty do including me) than giving as much as they would actually like to if deeply considered.
Mistakes in the other direction are also common! It’s easy for young professionals to use the average value of their time to calculate tradeoffs, rather than the marginal value. When you’re making $80 per hour, doordashing every meal starts to make some sense, as do laundry services, etc. I’m not against these things, but the time savings often go to leisure rather than career reinvestment.
This is totally fine, and sometimes necessary, as long as people are correctly identifying what they’re really buying and what the price is.
I generally agree with this, and would like to reemphasize “I think this is a direction that it would be valuable for more people to move in, on the margin.”
i think less people fall into the trap of trading inefficiency for frugality (although plenty do including me) than giving as much as they would actually like to if deeply considered.
Mistakes in the other direction are also common! It’s easy for young professionals to use the average value of their time to calculate tradeoffs, rather than the marginal value. When you’re making $80 per hour, doordashing every meal starts to make some sense, as do laundry services, etc. I’m not against these things, but the time savings often go to leisure rather than career reinvestment.
This is totally fine, and sometimes necessary, as long as people are correctly identifying what they’re really buying and what the price is.