One of the key principles of money is ‘opportunity cost.’ It means that when I buy something, I have to give up something else in return. We think we buy because we need something, but we often forget that we could buy something else instead. We rarely consider ‘opportunity cost’ when making a purchase. We do not compare other values against our needs. Buying something means giving up something else, but we often don’t realize it. When we spend money, we should also consider the ‘opportunity cost’; yet, in reality, we aren’t trained to do so. By making a purchase, we bypass the value comparison that may not offer any additional benefits. Maybe it’s because we lack knowledge, or perhaps the idea isn’t appealing. - Joseph’s “just my thoughts”
The era of the Industrial Revolution mechanized humans. In today’s information age, machines are increasingly humanized, exemplified by artificial intelligence. Artificial intelligence combines with robots to take over tasks traditionally performed by humans, leading to what is known as mechanical unemployment. This trend is referred to as the phenomenon of dehumanization, which concerns many laborers. However, the burger shop ‘Creator’ in San Francisco has embraced robots, selling burgers at an appealing price of $6 each, sparking considerable discussion. Rather than having a human operate like a machine, robots are utilized, while humans engage with customers, consult personalized recipes, and serve the burgers. This situation illustrates how advanced mechanization can help restore genuine humanity. - Joseph’s “just my thoughts”