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> Personally, I value my own time well above my job's hourly rate

Would you mind elaborating? Because I would argue that, by engaging daily with your employer in a trade of your time for money, you value your time exactly your job’s hourly rate.

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Sure: My willingness to work more hours decreases as the number of hours I work increases. My marginal hourly rate could be viewed as the amount of money I require to work an additional hour. My employer pays an effective hourly rate. If I worked more hours, the effective hourly rate would be higher.

Interesting. I think I agree with this, though the hourly rate curve might be more of a inverse bell curve. Very little work means I need a lot of pay to support myself from just a few hours of work. Medium amount of work means I can get by on a relatively lower per hour rate. But to get me motivated to work extreme hours then I might need extreme rewards. The curve is, however, distorted by things like especially interesting projects and a somewhat obsessive drive to produce something I'm proud of.

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