this post was submitted on 28 Sep 2025
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What if money was just called hours?
Difficult jobs are worth more hours than easy jobs and require more specialized skills. If the specific skill is not part of the repertoire then the job will be exceptionally difficult and/or impossible.
There were some experiments where currency was actually denominated in hours, usually as part of a co-op system where you were literally trading for hours of labour.
I think the most famous one was in Ithaca, NY.
would love to read more about this
That one was called the Ithaca HOUR. I learned about the Cincinnati Time Store, which was maybe the first one, on a podcast that I cannot find now. So I'm somewhat useless but there are some names to search at least!
Ah nice, this led me to
https://en.wikipedia.org/wiki/Time-based_currency