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

  • Hiring People means extending my time?

    Posted by Claudio on February 24, 2021 at 02:52

    Going through lesson 3. On the concept of times, I’m wondering if in the end, when companies hire employees, what they are ultimately doing is a form of extending their time, buy buying other’s people’s time.

    It sounds like slavery in this way, but to me it make sense,

    what do you think?

    Thanks

    Gerald replied 1 year, 5 months ago 2 Members · 1 Reply
  • 1 Reply
  • Gerald

    Member
    February 26, 2021 at 19:19

    If you don’t mind a very mechanistic perspective, maybe hiring people is more or less like acquiring capital machinery. Especially if you invest to train them.