The phrase “time is money” has never had a very profound meaning to me before the question of its true meaning was presented to me. I never really gave the true meaning out of this phrase any thought. However, now that I am being forced to think about this phrase's true meaning, I would say that it refers to one's time spent at work being given monetary compensation. The phrase it usually used in order to hurry someone or something; that the sooner something is done, the sooner one can return to work and get paid or receive some other form of compensation. This saying is also used by employers who see their employees slacking off and not working for the money they are making. This thought process gives way to a society that is rushed and also to employers whom demand hard, consistent work from their employees. This also correlates to the value of the goods produced by these workers in that the more time one spends making something, the more it will (or should) cost. However, owners of businesses will often pressure their employees to work harder and faster in order to produce a larger quantity of goods, which will in turn be sold for the profit of the company.
This phrase applies to everyday life as well, not only related to business. For example, the faster I can get this assignment done the sooner I can move on to my next assignment and the sooner I will be done with my homework which will allow me to go to my job (at which I am paid for the work I do). I am consistently checking the clock to see how much time I have until I need to get ready for work and how much effort I can put into my school assignments.
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