p. 123, question 1

What does the old saying, "Time is money" mean? I think it means when time is wasted, money is also wasted. People who usually say this are wealthy. I have never heard a bum say this. Lawyers, Doctors, Actors etc. are notorious for saying these words. Money is an object of great importance for them. They will never have enough money to suit their needs. These people are or can be workalcoholics.
This says that people will work day and night to achieve the "American Dream" and beyond. Working hard is good for the economy, but relaxing once in a while can't hurt. Some of these people will not even go for a vacation. Working long hours can hurt your mind and body even though people will not stop their practices. The economy in the United States depends on the hardworking middle class American. Without these people, the wealthy class would not prosper.
The politics of a shop floor speeds up and slows down whenever there is a difficult decision. Office or shop politics can be very one sided; usually against your side. It's never a democratic environment on a shop floor. The workers usually get the bottom of the stick. Money is valued more than the workers sometimes. Worker compensation depends on the employer. I say it's a great thing for when your hurt, but the employers of America hate this. Time and money are spent on both sides.
The demands of organized labor or unions can be unreal, but they should get what they deserve. Employers usually go halfway with the demands. More money is sought for, but are the workers worth it? Fair is not the word I would use in this case. The value of consumer goods is priced by the company. Usually they price it to what they think it's worth. Most of the time it's not even close to the actually worth of the product. If there is no competition, they can price it as high as they want with no worry because people will buy it. People like new and flashy gizmos and Apple knows this. The iPod is a great example, Apple prices it high and gains a lot of profit. There is competition, but nothing as popular as the iPod comes close. Apple releases new versions often creating even more cash flow. Apple is smart for knowing how to market their expensive products.