As people find increasing opportunities to be frugal, I hear more and more stories about people who advocate price shopping when it comes time to buy anything. What do I mean by price shopping? I mean shopping at the place that offers the product you want at the lowest price. In some cases, where you are making a one-time purchase such as an electronic device, this can make sense. But, in the case of buying groceries, going to multiple grocery stores to take advantage of sales on different items is a complete waste of time and resources.
Tag Archives: economics
The Value of the Public Library
On Monday morning, I woke up and walked to the office just like any other morning. I usually pass by a number of newspaper boxes along the way, and I scan the day’s headlines. Monday’s headline was – “Talks Fail as Toronto Library Workers Go on Strike”. I didn’t pay much attention at first. Then I did a double take. Wait, what? I didn’t even know the library workers were in negotiations. As a response, termed their ‘contingency plan’, the City of Toronto has shut down every public library in the city for the duration of the strike. As I talked to people on Monday, I realized that no one was expecting this. And then I realized how many people this impacts.
What is the Value of Time?
We’re all guilty of thinking about it sometimes. The classic scenario is the employee who can choose to either get paid for overtime worked or bank his or her overtime to be taken as time off later. It launches the classic argument – what is the value of time? Does it have a monetary value? Is time worth more than money? Every person will answer this question differently based on their personality, their priorities and their attitudes.