Time Is Money is a free Chrome extension that can help students see what the expression "time is money" means.
Time Is Money will display the number of hours a person would have to work in order to have enough money to purchase any product that has a price listed on a shopping site. For example, I went to Cabelas.com and found a couple of sweaters that I might like to buy. With the Time Is Money extension activated, the price in dollars is displayed along with the price in hours I would have to work in order to buy those sweaters.
Time Is Money can be customized to be based on your hourly wage or your annual salary.
Applications for Education
High school students who have just gotten their first jobs may find the information that Time Is Money reveals to be an eye-opener. It's also a nice little extension that I will integrate into my hands-on economics lesson,
Life on Minimum Wage.
My only criticism of the extension is that it doesn't appear to account for taxes and Social Security contributions being withheld from a paycheck.
