Poverty is extreme in another way. Consider the parents of a newborn, who are suddenly time scarce. They also do not have the option to “want less”; the baby needs to be taken to the doctor, and fed, and changed, and cuddled, and bathed, and rocked (forever) to sleep. There are just so many nondiscretionary activities to juggle. But if you are a parent with money, your time scarcity can be alleviated in another way.
