Tuesday, June 12, 2012

BANK ROBBERS DON'T MAKE A LOT OF MONEY

 By Thomas H. Maugh II June 12, 2012, 8:20 a.m.

The average take in a British bank robbery is a modest 12,706.60 euros (about $15,887) per person, compared with an average of $4,330 in U.S. bank robberies. Given that the average U.K.wage for fully employed people in Britain is about 26,000 euros, a bank robbery "will give him a modest lifestyle for no more than 6 months." If he robs two, he will still have only a modest lifestyle. Four robberies, and the odds are excellent that he will land in jail. "As a profitable occupation, bank robbery leaves a lot to be desired," the authors wrote. (A similar analysis of drug dealing in the book "Freakonomics" explains why most low-level dealers live with their mothers: The activity is so unprofitable that they cannot afford a place of their own.) That may be why bank robberies are declining in the U.K. and the U.S.

via LA Times

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