Earlier quoted context omitted.
And that still doesn’t have anything to do with the original thesis - “if I make $50/hour when I am working. That means I should value my time at $50/hour”. The opportunity cost is not $50/hour if you wouldn’t have been using that hour to work.
> The opportunity cost is not $50/hour if you wouldn’t have been using that hour to work. It is at least $50 per hour if you could have been using that time to work. Anything else that you choose to do instead of working is prima facie worth more to you than the $50 you could have been earning. The opportunity cost—the next best alternative—is either working and earning $50 or else something you value even more than…
The only reason that I would work around 40 hours a week instead of slacking off is because ethically, that’s what I agreed to do.
Most people aren’t in a position where they could put in every waking hour into pursuits that generate money.
What percentage of people that post on HN are working hourly billable jobs?