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NYT: Why Are Harvard Graduates in the Mailroom?


First Posted: 02/24/2012 4:06 pm Updated: 02/24/2012 4:06 pm

In their book “Freakonomics,” Stephen J. Dubner and Steven D. Levitt explain, among other things, the odd economic behavior that guides many drug dealers. In one gang they described, the typical street-corner guy made less than minimum wage but still worked extremely hard in hopes of some day becoming one of the few wildly rich kingpins. This behavior isn’t isolated to illegal activity. There are a number of professions in which workers are paid, in part, with a figurative lottery ticket. The worker accepts a lower-paying job in exchange for a slim but real chance of a large, future payday.

Read the whole story: The New York Times


Filed by Maxwell Strachan  |