Time

How much is your time worth is an article written in the Wall Street Journal. This article talks about how businesses weigh the option on outsourcing work and how this philosophy is being applied in the household.

In business the drive for higher profit has always made way for changes in the way they operate. Businesses are constantly rethinking how to make every aspect of there company more efficient. With the cost of American salaries going up every year the logical alternatives to a lot of businesses is to out source. Things like building maintenance, tech teams, cooking staffs, cleaning, security, accounts etc. are being outsourced because it's cheaper. The cost to have those services in house, manage them and pay them benefits would cost a lot more than if the business just outsources the work.

In today's day an age households are being stretched to the limit. The constant battle over time and finances are having house holds operate like businesses. Consumers are now starting to take the approach of a business when choosing time vs. leisure. Leisure time in twenty one century is very scares, so with time being limited it becomes a commodity. Consumers start to weigh things like building a deck on the back porch. Building a deck might cost you half as much if you do it yourself but the time involved is too important to expend it on that project. Child care is another item that American households are outsourcing. Once again time is a commodity is it cost effective to have both parents working? You have to factor in the expense of childcare the salary of the parent and expenses that go along with working gas, cloths etc.