Quotulatiousness

June 1, 2016

The Tradeoff Between Fun and Wages: No Such Thing as a Free Lunch

Filed under: Economics — Tags: , , , — Nicholas @ 03:00

Published on 7 Apr 2015

If you had to choose, would you rather be a sewer inspector spending your days underground or a lifeguard on the beach? Most would say that being a lifeguard is a more fun job, but a sewer inspector has higher wages to compensate for the less-fun aspects of the job. In this video, we discuss the tradeoff between fun and wages and show how this illustrates that “There ain’t no such thing as a free lunch!”

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