“Time inequality” is the world’s real problem, not income inequality

Physical resources are finite, but knowledge is not.

Knowledge is potentially limitless. Human beings throughout the millennia have availed themselves of the Earth’s resources, but today’s inhabitants possess extensively greater know-how in using those resources. That accounts for rising life expectancies since the 1800s. Human knowledge adds immense and conceivably boundless value.

Time measures growth in knowledge, and while money buys things, time pays for them. A “time price” is the ratio of an item’s money price compared to an hourly wage at the moment of a transaction. For example, if a plate of pasta costs $15 and you earn...