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Comment 20 on Mindfulness2008-06-14T02:33:52Z2008-06-14T02:33:52ZLinda Nowakowskihttp://www.ned.com/user/u523412994/tag:ned.com,2008-06-14:/user/u523412994/news/31/19/2008-06-14T02:33:52Z
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<p>Just a quick and dirty post to see what I have been conjuring in my little mind.</p>
<p><img alt="http://farm4.static.flickr.com/3040/2576203407_1342f4b349.jpg" src="http://farm4.static.flickr.com/3040/2576203407_1342f4b349.jpg" /></p>
<p>If we are interested in Economics as if people matter, we are not interested in the opportunity cost of computers in terms of food but rather we are interested in the opportunity cost of the produced item in terms of the cost to the individual. When people work they are giving up their time to do something else. There are only 24 hours in a day and part of them have to be used in sleeping and other activities. The weight of these activities and the priority is completely individual. When we look at the graph, it might seem that the opportunity cost of the production on one chair is 2 hours of free time (It takes 2 hours to make one chair) but because there is a commute time it is more. the 4th chair has really cut into the time that would have been used for something else. To increase efficiency, you need to reduce either the time it takes to make the chair or the commute time. Maybe the employer figures a way to offer affordable (competitive) housing that reduces the commute time. This allows th eemployee to make the additional chair without compromising the things that are important in the person's life.</p>
<p>It needs more thought and work. I will get there. Not right now!</p>
<p>tata</p>
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