LATELY — 23 January 2008

Where your money goes

The price of a thing is largely wages. (What pro­por­tion is wages? I guess it depends on the thing. But, say, a com­puter or car is mostly wages; a restau­rant meal has a larger real estate component.) Anyway, if you buy a Prius, but Toyota’s workers spend their money on virgin forest fur­ni­ture and dirty elec­tri­cal power, have you really achieved any­thing at all? Does the en­vi­ron­men­tal be­hav­iour of a company’s em­ploy­ees matter? If your Prius is chauffeur-driven, do you need to monitor your chauffeur’s spending?