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[–] Master_Foo 0 points 3 points (+3|-0) ago  (edited ago)

Interesting idea. But, I ran the math on this and it's only viable if you value your time at $1.42 / hour.

Here's the logic. An Amazon search gives me 500 paper bags for $17.30 that comes out to $0.0346 / bag.

The video is 1:28. So you can make 40.909 bags per hour.

That means you can make $1.42 worth of product in 1 hour.

Even if I'm a Housewife without any salary, doing this is in essence "making a profit". But, the question is, how many things can you be doing with that time instead which are far more profitable? And why not use that excess "profit" to just buy some cheap paper bags to free you up to do those more "profitable" tasks?


[–] TheKobold 0 points 0 points (+0|-0) ago 

There is one flaw with your math. It took 1:28 to show you how to make the bag. It probably takes a lot less time to make them when you aren't going slow to show some one how to do it.


[–] Master_Foo 0 points 1 points (+1|-0) ago  (edited ago)

I'm expanding a bit on my last post, so read that first.

Here's how I run my home economics...

It's the man's job to create and expand the "household" and it's the woman's job to maintain what has been created. Feel free to disagree, but this is my way of thinking.

Premise: Maintaining a household should cost 10% per year of what it is worth. So, if you have a household that is worth $300,000 in total assets, the cost of maintaining it should cost $30,000.

That $30,000 benchmark is essentially what the wife is "worth", It's her salary as the wife. It's basically her money to spend as intelligently as possible. It's her duty to spend that money on the household and to "hire" herself from that pool of funds.

Now, $30,000 / year roughly comes out to $15 / hour for the wife. In otherwords, she needs to be at least as productive as $15 / hour to "pull her weight" or be "fired".

So, let's say the wife is doing a job worth $3.00 / hour. Should she do that? Or should she spend a little bit of her salary on some cheap paper bags and save $14.30 worth of her time for better uses?

My point being, can a housewife make enough paper bags in 1 hour to make $15 worth of product? No matter how fast and efficient she is, there is no way that is possible. And if that is how she is spending her time, she is essentially putting the household deep into debt.


[–] Master_Foo 0 points 1 points (+1|-0) ago  (edited ago)

That's a good point, but I'm trying to be objective as possible about this and this is the data available to me.

But, accepting that I agree with your premise. (Which I do). It would be a stretch to say a person could be so efficient as to sustainably double their production. So, if we are being VERY generous, the best we can say is this is only viable if you value your time at a rate of $3.00 / hour, and most people, even housewives with no "official salary", will agree that their time is worth more than $3.00 / hour.

If I had a wife who did this as a token of appreciation to prove she loves me enough to put in the time, I'd probably be appreciative of that token. But, if she were to continue doing this every day, I'd be a bit miffed that I'm going to work so that we can easily afford paper bags, no problem, but she's choosing to spend her time on this and not something more important.

In other words, a housewife had better be more productive than $3.00 / hour, even if that means spending some money to free her up to do the more productive things.

MAAAAAYBE, just MAAAAAAYBE... If times are tough you give this as a project for the kids to do. Their time can be justified at $3.00 / hour. But, if the wife is valuing her time at $3.00 / hour, there needs to be a conversation.