I used to like the thought-provoking guys who made economics cool with their best-selling book Freakonomics. They are back with a sequel, Super-Freakonomics. And their offensive comparison of Realtors and pimps just stinks.
Using some bizarre comparisons from two completely unrelated studies, they’ve decided that a pimp provides more value than a real estate agent. Basically, they determined that Chicago prostitutes working with a pimp earn more money for less work that those working solo. The authors declared that even after paying a 25% commission, prostitutes with a pimp are better off.
They also site a Wisconsin study that says real estate agents don’t fetch higher prices. National statistics contradict that report. However, citing those studies, these bozos claim that "... a pimp's services are considerably more valuable than a Realtor's."
While I don’t personally know any pimps, I think our services and products are vastly different. Their warped comparisons lead me believe that the authors have had more success with pimps than with good real estate agents.
No comments:
Post a Comment