Home Forums Principles of Economics Hiring People means extending my time? Reply To: Hiring People means extending my time?

  • Hendrik

    Member
    January 24, 2023 at 08:37

    @kiocla I think you are spot on.

    There is this calculation that was pretty eye opening to me.

    Say you make 50usd per hour and you want to outsource all of your work that renders less than 50usd / hour, then you could hire 5 people and pay them each 10usd/hour and even if they are only a fith as productive as you are, it would still make sense to hire them.