Work in the Age of Anxiety => The 40-Year Slump
[…]In 1974, wages fell by 2.1 percent and median household income shrunk by $1,500. To be sure, it was a year of mild recession, but the nation had experienced five previous downturns during its 25-year run of prosperity without seeing wages come down.
What no one grasped at the time was that this wasn’t a one-year anomaly, that 1974 would mark a fundamental breakpoint in American economic history.
The gambling machines helping drug dealers ‘turn dirty money clean’
“[…] It’s the main business around here. Take dole, turn it into weed, sell them, take your profits and put them into the machines. If you win, you are quids in. If you lose, you get cash from the money shops to cover your losses. Back to dole and buying drugs. There’s nothing else around here to do.”
For example, in the most recent season of Price Is Right, the Honda Accord LX was valued in different games as $22,587, $22,480 (twice), $22,934, $22,423, $22,791, and $22,841. In six of the seven times it appeared, the exact value was needed in order to win it. Memorizing prices ahead of time—even if you had a hunch you might have a shot at that Honda—has less value than you think.
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