Is this good or bad for the economy?
A certain man owns a small business. He works five days a week, and makes $50,000/year.
After a few years, he decides that he would much rather take Fridays off. He values the time to sleep in, have fun and enjoy life for another day of the week more than the $10k/year that he makes working Fridays.
He takes Fridays off and now makes $40k/year. He makes less money, but enjoys his life more. Other consumers can no longer shop at his store on Fridays, but this also helps the competition.
Is this singular instance (however minute) good or bad for the economy? If good, why? If bad, what should be done about it?
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