Everything in the value of a product or service hinges on the value of the time and energy of the people producing it. Why do think people say, "Time is money?" When you buy a product, you are paying for the cost of checking out at the register, stocking the shelf with the product, the cost of distributing the product to the store, manufacturing the product, the cost of manufacturing the materials used by the manufacturers and the cost of shipping those materials, the cost of mining or obtaining the raw materials and distributing those to the material mills and factories. Oh, and let’s not forget the value of the time spent marketing the products or services, or the time spent engineering the product, or the time that HR has to put in managing employees within the business, etc. etc. etc. EVERYTHING concerning the value of our products and services boils down to time spent in labor. Why do you think everything was so much cheaper when indentured servitude was legal?
