what if we treated emotional costs as real on the same level as monetary costs?
I don't think it's as generalizable as that. Some people have more emotional fortitude, or indifference or whatever, than others.
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and some people have more money, so they can take the free/paid-for internships which others can't afford
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Money still is the same amount from person to person though, even if it doesn't have the same utility from person to person. You'd need to be able to discern the emotional cost on an individual to individual basis.
End of conversation
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