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Old 05-30-2002, 04:04 AM   #1
ADL Colin
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Time is Money

http://www.cnn.com/2002/TECH/science...ney/index.html

This is ridiculous. This professor managed to get this published.

V=(W((100-t)/100))/C, where V is the value of an hour, W is a person's hourly wage, t is the tax rate and C is the local cost of living.

So you take your wages after taxes and divide by a cost of living index to get value per hour. This can be found in a high school economics book.

I had to look and make sure it wasn't printed on Apr 1.
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Old 05-30-2002, 04:09 AM   #2
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hmm, is there a standard rate to the cost of living? I'd like to know where I am at here
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Old 05-30-2002, 04:22 AM   #3
ADL Colin
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Naughty,

There is only a chart for Britain.
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Old 05-30-2002, 04:37 AM   #4
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Originally posted by Colin
Naughty,

There is only a chart for Britain.
Go figure
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Old 05-30-2002, 04:57 AM   #5
s9ann0
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reading boards is costing me money!
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Old 05-30-2002, 05:39 AM   #6
ADL Colin
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Spanno, old friend.

Shoot me an email. I don't have yours.

[email protected]
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Old 05-30-2002, 05:40 AM   #7
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ha y eah time is money for sure
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Old 05-30-2002, 05:43 AM   #8
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only productive time is money.....wasted time costs money

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