"Long ago, In agrarian societies, people would work ALL day to make food for their lord or king. Then, when Capital and industry became a thing, there were machines that people could use that made the job faster and easier, thus freeing up more time for other stuff. That is how time is a scarce resource because there are always things we can do to maximize how we use our time."
this is absolutely untrue. capital increased work times - especially by subsuming leisure activities into the economic sphere. a bevy of researched work exists on the topic. the go-to, is, of course, Shor:
machines have freed us from work so that we could do more work, not more leisurely activities.