AI Snips
Chapters
Transcript
Episode notes
Marginal Principle for Work-Life Balance
- Apply the marginal principle to career decisions.
- Ask yourself, "Should I work another hour this week?"
Increased Opportunity Cost of Work
- The opportunity cost of work has risen for many parents during the pandemic.
- Childcare and homeschooling replace paid work as the next best alternative.
Benefits of Work Beyond Wages
- The marginal benefit of work extends beyond wages during a recession.
- Extra effort increases chances of promotion and reduces layoff risks.