S E17: The Labor Market - Live to Work, or Work to Live?
Think Like An Economist
The Opportunity Cost of Working
The more hours you work, the more important alternatives you're being forced to give up. The opportunity cost of working is actually a really big consideration for people who take care of others. You miss your family and friends if you don't make any time for them. And if you can't work more hours at your current job, well, you could take on a second job.
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