Why is everyones time given the same value?
At first glance, it seems crazy that someone is paid the same for web design and pulling weeds, but this turns out to be the core of what makes Time Bank hours really work. In the “Yin” or “caring economy” everyone’s time is valued equally – just like it is inside a family. You wouldn’t ask your cousin to give you two hours of dog walking for every hour you spend fixing his computer. Putting a price on people’s time separates us by making some people more valuable than others. Time Bank hours excel in building relationships because they place an equal value on everyone’s time. Time Bank hours aren’t meant to replace standard dollars. They are designed to counterbalance the market economy where people may have invested in special training to make their time more valuable. There’s nothing wrong with that, it’s just taken over too much of our experience of the world. Almost everything is monetized. We are building a parallel economy where people take care of each other as families. We bui
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