Anders Chelgren, Chapter 9, Question # 6

I found the passage talking about productivity very interesting. It is true that we can not make the day any longer and often we cant work any harder, we must instead work harder and more efficiently. People, especially from the older generation, often complain about inflation and raising prices. I was quite intrigued by the financial breakdown on the cost of pantyhose in the past vs now. While it is true that the price as rose dramatically, the percentage of effort in term of hours worked has dropped significantly. The concept that "time is money" is one I had know before, however, it's application as a way to measure economic productivity was an entirely new tangent. The time of work comparison based on an average hourly income put things into perspective in a new light.