GEO 106 Lecture Notes - Physical Law, Comparative Advantage, Blue-Collar Worker
5 Dec 2013
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Used to d onecessry things suh as eating, personal hygiene, sleeping and working. It"s not something you can change and it is often fix. Used for things which you can choose to do or not to do, such as recreational activities. About two thirds of your time is spent doing obligatory acitvities. Time is a fixed quantity: rich or poor we can"t make more time, only reallocate the fixed 24 hour amount to better suit our purposes. However ability to re-allocate the fixed quality of time depends on great deal on our demographic, economic and social circumstances, and state in the life cycle. Amounts of disreationary and obgliatory time change over historical time and over the life cycle. Workweek length for most ppl in most countires today is between 35 and 48 hours. Circa 1900 it was between 45 and 60 hours. Serial career, contract work and multiple jobs becoming the norm.
