Thursday, March 20, 2014
Chapter Nine
"'Making money takes time, so when we shop, we're really spending time. The real cost of living isn't measured in dollars and cents but in the hours and minutes we must work to live'" (Dallas Federal officials). Before I got a job, buying a coffee for $4.50 didn't seem like a big deal. $5.00 can't get you much anyways. After I got a job I started seeing dollar amounts as minutes that I had to work in order to earn that amount of money. That coffee is now about 40 minutes folding clothes or answering a customer's questions. This idea of visualizing things in a different way, ties in with what Wheelan was saying a few pages earlier. A countries wealth can be explained in a variety of different ways depending on their GDP for the entire country as well as the GPD per capita. Although India has a much larger GDP than Israel, their GDP per capita is much lower.
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