Why do drug dealers still live with their moms essay

Why do drug dealers still live with their moms essay

What, the authors ask, does crack cocaine have to do with nylon stockings? In , nylon stockings were becoming trendy in the U. They were affordable, attractive, and long lasting. Most importantly, they looked almost the same as classier silk stockings: thus, they were marketed as an affordable alternative to silk. In the s, crack cocaine had become a hugely popular drug in the U. In response to the drug epidemic, the courts modified the criminal code to allow for harsher sentences for drug dealers. In a bitter irony, however, the growing number of drug dealers who went to prison established new contacts with their fellow inmates, including Colombian drug dealers, so that when the drug dealers were released from prison, they returned to selling crack with greater sophistication.

The crack epidemic strengthened gangs throughout the United States, because it became increasingly profitable to become a gangster. Before the crack epidemic, gangs would often break apart as gangsters started to raise families: it was impossible to be a gangster and make enough money to support a wife and children. But following the rise of the crack epidemic, gangs began making enough money to support families, and they sold so much crack that it devastated entire neighborhoods. Another important thing to notice in this section is the discussion of the achievement gap between black and white Americans.

The achievement gap has been the subject of much economic analysis in the last fifty years, and in the following chapters of the book, Levitt and Dubner will try to study it using the concept of incentives. Many criminologists predicted that the crack epidemic of the s would continue to cause major violence in American cities in the s. But in fact, this did not happen: the crime rate began to decrease in the 90s.

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Chapter 3 : Conventional Wisdom

In fact, the hours are so long, the profits so low, and the risks so high that only the high-level dealers at the top of the pyramid come out ahead. The majority of street-corner dealers can't even afford their own apartments. Here are some sobering statistics about the likelihood of success in app development, according to Davis:.

Globe Icon An icon of the world globe. Link Copied. Add Comment Comments. Well, for the same reason a pretty Wisconsin farm girl moves to Hollywood. For the same reason that a high school quarterback wakes up at 5 a.

Freakonomics Chapter 3:Why do Drug Dealers Still Live with their Moms

They all want to succeed in an extremely competitive field in which, if you reach the top, you are paid a fortune to say nothing of the attendant glory and power. But in each of these glamour professions, the same problem exists: A lot of people are competing in what is essentially a tournament. Earning big money in J.

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But criminals, like everyone else, respond to incentives. About Us. Brand Publishing. Times News Platforms. Real Estate. Facebook Twitter Show more sharing options Share Close extra sharing options.

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Levitt and Stephen J.