In the third world country I live in, $50 is 4 months salary.

I'm pulling your leg now, but wanted to make a point.

Plus, it doesn't matter if $50 is equal to 60 minutes of my time or not. What it matters is if $50 is a fitting price for such a product.

Would you buy a can of Coke for $50 because it's "equal to 60 minutes of your time"?