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Alain Guillot Show

Aug 8, 2019

We heard it all the time: Time is money, but is it? Professor Hamermesh, argues that as we become wealthier, we have more money, but we don't have more time, so money plentiful while time is not, which means that time is a lot more valuable than money.

If we compare our income with the income of our grandparents, we are earning about 3 times as much, but don't have 3 times as many hours.

According to Professor Hamermesh,, rich people would be a lot more stress about how they spend their time that not rich people. The reason is that they have so many options that it becomes stressful to make a decision.

The average person spends their time doing three major things.

  1. Sleeping
  2. Working for pay
  3. Watching TV

Some ways in which rich people spend their time?

  • They watch less TV
  • They sleep less
  • They work more
  • They spend their money and time on experiences, many of those experiences are expensive.

Men watch more tv than women 2.5 to 3 hour more. In the US men watch about 19 hours of TV per week while women watch about 16 hours.

Men and woman work approximately the same amount of hours. The only difference is that men work more hours for pay, while women do more work around the house which is unpaid labor.

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