Rejection Cost. From the perspective that my profit is someone else’s loss, and someone else’s profit is my loss, the fact that I have to reject an opportunity to make money for my circumstances is a loss for me and an act of giving someone else a profit. In other words, my added value is not determined solely by productivity but also by the marginal utility generated by the law of supply and demand. Therefore, my labor price should reflect the value that I have given up—the profit I could have gained. If the rejection cost is not included in my profit, I will be at a loss to that extent. Failing to account for rejection costs in production expenses is not wise, but foolish, because it risks my survival. There is no absolute value in this world. All economic values are relative. - Joseph’s “just my thoughts”
Books focused on “healing” often dominate the overall bestseller charts in South Korea, indicating strong reader interest in comfort. There are two primary strategies for commercializing healing concepts. The first strategy aims to alleviate guilt while fostering a sense of responsibility. The second approach aims to reinforce guilt but provides comfort after encouraging personal accountability. This methodology is also applicable in areas such as religion and counseling psychology. At the core of the healing industry is the concept of “privatizing pain.” Essentially, it means: “It’s not your fault (reducing guilt), but you have the power to change it (reinforcing responsibility).” - Joseph’s “just my thoughts”