No Money, No Time
opinionator.blogs.nytimes.com
No Money, No Time
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Re: No Money, No Time
#2Strange that little correlation data is provided. Microdata is available from the BLS on what people spend time on, sliced by income and poverty.
Checking whether poverty or low income are correlated with having little time should be a fairly straightforward python/pandas job. It seems unlikely that the money-poor are also time-poor (given that the main cause of money-poverty is not working), but it's straightforward to check in any case.
If I have time tomorrow I may do it myself.
Re: No Money, No Time
#3Another article in the increasing line of studies of the poor getting poorer.
tl;dr: The poor are worse at managing time and money because they are exhausted all the time and have fewer/no options (i.e. costlier credits than the wealthy)
Re: No Money, No Time
#4Strange that little correlation data is provided. Microdata is available from the BLS on what people spend time on, sliced by income and poverty. Checking whether poverty or low income are correlated with having little time should be a fairly straightforward python/pandas job. It seems unlikely that the money-poor are also time-poor (given that the main cause of money-poverty is not working), but it's straightforward…
> given that the main cause of money-poverty is not working
Is that really true? I'm not sure if my girlfriend's family qualifies as truly poor, but they certainly don't have much money. Her dad has two jobs--line cook and hotel janitor--and her mom is also a line cook. They frequently have to go to check cashing places, they have only one car so her mom relies on taking the bus to work (which takes over an hour each way, and also requires walking to the bus stop), and they rarely if ever do things like run the AC in their house. They do live in a house as opposed to an apartment, but that's a relatively new development. The house is also in a somewhat sketchy area--for example, her brother was robbed at gunpoint walking through an adjacent neighborhood at 10PM.
Re: No Money, No Time
#5Strange that little correlation data is provided. Microdata is available from the BLS on what people spend time on, sliced by income and poverty. Checking whether poverty or low income are correlated with having little time should be a fairly straightforward python/pandas job. It seems unlikely that the money-poor are also time-poor (given that the main cause of money-poverty is not working), but it's straightforward…
You're assuming that work is the primary consumer of time. Have you ever tried packing up a baby, a toddler, and a sullen/rebellious pre-teen and taken them on the bus for two hours each way to fill out paperwork that is so far beyond your comprehension level that it may as well be in a foreign language? That's a normal state of affairs for many of the non-working poor.
Lack of transportation, combined with living in "undesirable" neighborhoods far from the business centers, is an ugly combination. It makes even basic engagement like grocery shopping a very time-consuming experience.
Re: No Money, No Time
#6Another article in the increasing line of studies of the poor getting poorer. tl;dr: The poor are worse at managing time and money because they are exhausted all the time and have fewer/no options (i.e. costlier credits than the wealthy)
The good news is that 2pac is back: https://news.ycombinator.com/item?id=7900763
Re: No Money, No Time
#7Strange that little correlation data is provided. Microdata is available from the BLS on what people spend time on, sliced by income and poverty. Checking whether poverty or low income are correlated with having little time should be a fairly straightforward python/pandas job. It seems unlikely that the money-poor are also time-poor (given that the main cause of money-poverty is not working), but it's straightforward…
The impoverished, at least in America, work more jobs/person than the non-impoverished.
Re: No Money, No Time
#8Strange that little correlation data is provided. Microdata is available from the BLS on what people spend time on, sliced by income and poverty. Checking whether poverty or low income are correlated with having little time should be a fairly straightforward python/pandas job. It seems unlikely that the money-poor are also time-poor (given that the main cause of money-poverty is not working), but it's straightforward…
Imagine:
You're one of the lucky retail employees that work a full 40 hour week. Your annual gross salary is somewhere in the 24-30k range.
That's not enough to support a 2br apartment and car, so you're relying on public transit. You work retail, so your hours suck and you're often stuck bumming rides or waiting for the bus, which only runs every half hour when the mall closes.
When I was in college, I worked in a mall restaurant. That was a pretty common scenario for waitresses, line cooks, retail assistant managers, and similar roles.
Re: No Money, No Time
#9There's a saying, it goes like this: "its expensive being poor", and its really the truth. If you don't have enough money to buy in bulk, you end up paying way more for the smaller amount of product. If you can't afford to spend time on something because you have a limited number of calories before you become unproductive, and therefore have to work on aquiring more calories, then you're stuck in a feedback loop of no progress. And so it goes.
This is why the truly rich (not necessarily wealthy) find pleasure in lifes' simple, cheap, offerings. It's almost impossible to find vegetables as good as the ones we grow in our home garden, but yet it takes on average 30 minutes of work every day to keep things in order .. finding that balance is what is key to moving from being poor to rich, in my opinion. The time not spent getting in the car to go grocery shopping is instead spent maintaining a well-ordered garden plot ..
Re: No Money, No Time
#10Strange that little correlation data is provided. Microdata is available from the BLS on what people spend time on, sliced by income and poverty. Checking whether poverty or low income are correlated with having little time should be a fairly straightforward python/pandas job. It seems unlikely that the money-poor are also time-poor (given that the main cause of money-poverty is not working), but it's straightforward…
The main cause of money-poverty is lack of money, not lack of work.