There are 168 hours in a week.  Every person must decide how to split them up between work and leisure.  For most people they must work to earn money for their needs, however after a certain amount of hours those earning switch from wants to needs.  The labor for needs are highly important to work, however every additional hour worked become less valuable to you because they are for wants and competing directly with your leisure hours.  

Likewise every additional hour of leisure becomes less important to you compared to making those leisure hours better by working to have the funds to buy entertainment.  For example working for 20 hours a week just to meet you basic needs means that you do not have the money to travel, pay for a theme park, or buy that fishing pole.  The first hour a week of leisure if you only had one would be much more valuable than the 50th hour of leisure of the week. 
Every person must for decide for themselves the correct balance.  When deciding, one does not look at gross pay, rather after tax pay.  Based on the Laffer Curve and this teaching, people will stop economic activity sooner, the greater the tax burden because take home pay is reduced.    


 


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04/27/2016 4:01pm

We should give respect to the labor, because without labor we cannot survive in our society. Because labor is only source for doing and build our building as well.

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    Bill Haley

      Bill Haley started Haley2024 in the spring of 2013 in an effort to his part in restoring freedom to America.

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