There are lots of assumptions in even assigning a monetary value to time-spent-now. However, I think you’re doing your analysis a huge disservice by explicitly ignoring discounting and investment. Over timescales of multiple decades, these dominate most other things!
I’m not even referring expressly to financial investment and capital production, but also to things like time investment in family, discounting due to compounding uncertainty and risks over time, and other factors. If an hour spent now is only worth as much as an hour at the end of someone’s career, they’ve pretty much failed in all of these things, because an hour at the end of someone’s career really shouldn’t be worth as much to them as an hour now.
An end-of-career hour may be worth more to somebody else, but that’s highly variable across professions.
There are lots of assumptions in even assigning a monetary value to time-spent-now. However, I think you’re doing your analysis a huge disservice by explicitly ignoring discounting and investment. Over timescales of multiple decades, these dominate most other things!
I’m not even referring expressly to financial investment and capital production, but also to things like time investment in family, discounting due to compounding uncertainty and risks over time, and other factors. If an hour spent now is only worth as much as an hour at the end of someone’s career, they’ve pretty much failed in all of these things, because an hour at the end of someone’s career really shouldn’t be worth as much to them as an hour now.
An end-of-career hour may be worth more to somebody else, but that’s highly variable across professions.