Rolf Nelson: Price Measure of Portion

Posted by admin on Wednesday, January 6, 2016

Rolf Nelson Money Quotation saying Wages are measured in portions of peoples lives – the cost measures what portion. Rolf Nelson said:

 

 

“Wages trade money for a part of a person’s lifetime. The price tag is just a measure of the portion” — Rolf Nelson

 

 

In this quote, Rolf Nelson is discussing how wages work as a form of payment for labor or a person’s time. He is saying that when someone is paid wages, they are essentially trading or exchanging a portion of their lifetime or time spent working in exchange for money (their wages).

The “price tag” he refers to is the dollar amount of the wages. This price tag or dollar figure is simply a measurement or quantification of how much of the person’s lifetime or time they are trading in exchange for that amount of money.

So in essence, the quote is saying that wages represent the trading of a person’s time spent working for monetary compensation, and the wages amount itself just represents how much of their time is being purchased.