How Academia Resembles a Drug Gang

Alexandre Afonso

In 2000, economist Steven Levitt and sociologist Sudhir Venkatesh published an article in the Quarterly Journal of Economics about the internal wage structure of a Chicago drug gang. This piece would later serve as a basis for a chapter in Levitt’s (and Dubner’s) best seller Freakonomics: A Rogue Economist Explores the Hidden Side of Everything (P.S.) The title of the chapter, “Why drug dealers still live with their moms”, was based on the finding that the income distribution within gangs was extremely skewed in favor  of those at the top, while the rank-and-file street sellers earned even less than employees in legitimate low-skilled activities, let’s say at McDonald’s. They calculated 3.30 dollars as the hourly rate, that is, well below a living wage (that’s why they still live with their moms). [2]

If you take into account the risk of being shot by rival gangs, ending up in jail or…

View original post 2,048 more words

Advertisements

About plerudulier

Primarily interested in interacting and engaging with people about issues related to profession but also charity, environment, ... you get the idea.

Trackbacks / Pingbacks

  1. Weekly blog posts (weekly) | Lelapin's Weblog - December 1, 2013

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

WSantos's Blog

All things Microsoft (and whatever else crosses my mind)

Pimpf : Drifting somewhere...

All those elements that make me complete...

An infinity of hypotheses

The Biologue Chronicles

Comics have the Power

Comics have the Power !

Les Bulles de Bourgogne

« La Lecture est une amitié » Proust

Les trouvailles de Georgette

Trésors du domaine public et des licences libres : une sélection de la bibliothèque Georges Brassens, Paris 14e

Urbanisme - Aménagement - Fiscalité

Consultant et Formation en Urbanisme

Le Blog de Nicolas Beretti

Avec de l'entrepreneur et de l'auteur à l'intérieur

iROCBlog

L'information Revisitée et Ouverte aux Citoyens

Thierry Borne

RIEN N'EST IMPOSSIBLE

Le Monde selon Jane

Très politiquement et surtout très incorrect...

ecosphere

Medias et économie numérique par les chiffres, les idées et les rencontres

Cybercriminalité

Tout sur la cybercriminalité

800.000 feignasses!

800.000 enseignants : 6 mois par an? 20h par semaine? Non!

Electrek

Charge Forward

Me & My SharePoint [FrontEnd]

© Christian Stahl - All about SharePoint & o365 front end

%d bloggers like this: