What You Value vs. What You're Paid

 

Since you are paid according to the scarcity and supply of the labor you provide, it is very unlikely that the amount you are paid has anything do with what you need to do in your life. Do you want your tombstones to read, "I always followed where the market led me"? Not to mention that making a lot of money only allows you to receive what money can buy. How about the tombstone, "I was a good consumer!"

There are so many things that are important that have nothing to do with economics (the efficient allocation of scarce resources) and money (the medium of exchange). Can you name at least 3 things that are more important to you than money or the things money can buy?

April 19, 2004