[LINK] Cost, Price & Value [WAS: Koltai Hypothesis - That P2P can be a legal option to Foxtel.]
david.boxall at hunterlink.net.au
Mon Apr 20 11:48:52 AEST 2009
On Sun, 19 Apr 2009 at 13:46:07 +1000 Tom Koltai wrote:
> ... It costs nothing to stare into space.
To stare into space, you need to be somewhere. There are costs
associated with both 'being' and 'somewhere'.
'Being' costs include things like food, health care and (presumably)
clothing & hygiene.
'Somewhere' costs include those of ownership and maintenance of the
place (even if you don't pay them directly yourself) and (possibly)
costs associated with getting there.
> I posted my leisure time calculator to link before ...
I didn't ignore it: I realise that, for the sake of argument, you need
figures. I'm just saying that, for the sake of argument, I disagree with
I reckon cost alone is too narrow a perspective. For mine, the field is
better covered if we consider cost, price and value.
For example, before I retired, I saw HR figures which showed my gross
income (ie. the price my employer paid me) as less than a third of the
total cost of employing me (including - if I remember correctly - things
like insurances and a share of infrastructure - the list was long). I
stayed long enough to retire, so presumably my employer considered my
value greater than that cost. My leisure time is of greater value to me
than the cost of a similar amount of my time to my employer.
Tying in a couple of last week's posts: we whinge (some louder than
others) about taxation and "runaway government spending". To minimise
the whinging, the elected tend to cut corners in order to minimise
costs, allowing them to minimise taxation. So we end up with a situation
where an emergency service, compromised by cost-cutting, fails someone
in need. The price we pay is a life. I'm still pondering the values part
of that equation.
David Boxall | My figures are just as good
| as any other figures.
| I make them up myself, and they
| always give me innocent pleasure.
| --HL Mencken
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