People keep mentioning real costs in factoring how much it takes to raise chickens. In these real costs they include: personal labor(time), land, and taxes. Heres my question to those who always mention these real costs. Do you figure these real costs in everything you do at your personal residence? How about the real cost of watching TV?
Lets think about it for a moment. Though I dont watch much TV lets assume that I watch the average 5 hours (according Nielsons Three Screen Report) a day.
My monthly expenses for housing, taxes, and utilities are $1400 breaking this down to an hourly rate it costs $1.92 for every hour of TV watching Thats $9.60 per day and $290.00 per month. This of course doesnt include my labor (time). Since many folks want to include time cost into their real cost, as though their free time really costs money, Ill use a nominal rate $10.00/hour. This increases the cost of watching TV to $11.92/hour, $59.60/day, and $1,800/month. WOW!!!!! Who knew that watching TV was so expensive?
Lets face it folks. Regardless of what I do or dont do with my free time Ill still have to pay for my house, taxes, and utilities. The TV watching didnt increase any of these costs, just like raising chickens wont increase how much you pay for your house, land, and taxes. As for the cost of labor (time), unless you are taking time away from paid work to do or not to do something it is not rational to include that time as cost. To do so would then add that cost (time/labor) to everything you do/dont do.
Lets think about it for a moment. Though I dont watch much TV lets assume that I watch the average 5 hours (according Nielsons Three Screen Report) a day.
My monthly expenses for housing, taxes, and utilities are $1400 breaking this down to an hourly rate it costs $1.92 for every hour of TV watching Thats $9.60 per day and $290.00 per month. This of course doesnt include my labor (time). Since many folks want to include time cost into their real cost, as though their free time really costs money, Ill use a nominal rate $10.00/hour. This increases the cost of watching TV to $11.92/hour, $59.60/day, and $1,800/month. WOW!!!!! Who knew that watching TV was so expensive?
Lets face it folks. Regardless of what I do or dont do with my free time Ill still have to pay for my house, taxes, and utilities. The TV watching didnt increase any of these costs, just like raising chickens wont increase how much you pay for your house, land, and taxes. As for the cost of labor (time), unless you are taking time away from paid work to do or not to do something it is not rational to include that time as cost. To do so would then add that cost (time/labor) to everything you do/dont do.