Part of the problem is human psychology where people do not rationally put a value on the time spent commuting. For instance say you are offered job A at $60k/yr and the commute is 30min. You also are offered job B at $75k/yr but the commute is 1h30min.
Most people would choose job B because they don't put enough value on their time (a similar argument goes for waiting in line at the gas station to save a few cents per litre/gallon) but is magnified here by the over discounting of future time. All we see is the extra $15k.
With an average of 2080hrs working hours per year, your time in this situation is valued at $30/hr (not talking about taxes). The additional 2hrs commuting per working day results in 520 extra hours which works out to the $15k difference.
Of course if you LIKE driving in traffic because that is how you catchup on your podcasts, practice singing or harmonica, good on you :)
Most people would choose job B because they don't put enough value on their time (a similar argument goes for waiting in line at the gas station to save a few cents per litre/gallon) but is magnified here by the over discounting of future time. All we see is the extra $15k.
With an average of 2080hrs working hours per year, your time in this situation is valued at $30/hr (not talking about taxes). The additional 2hrs commuting per working day results in 520 extra hours which works out to the $15k difference.
Of course if you LIKE driving in traffic because that is how you catchup on your podcasts, practice singing or harmonica, good on you :)