The Industrial Age was based on a new relationship with time. Instead of paying people for the things they produced, we began to pay people for their time. The Industrial Age also brought a new kind of time-based money. In order to transact, merchants and companies needed to borrow coin, and then pay it back with interest. In a sense, it is money with a built-in clock. The business values of the Industrial Age became efficiency and growth, at the cost of most everything else. As the expression goes, time is money.
Content: Quotation
Author: Douglas Rushkoff
Source: strategy+business
Subjects: Economics, History, Money, Time Management
Author: Douglas Rushkoff
Source: strategy+business
Subjects: Economics, History, Money, Time Management
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