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Title: Steven Levitt: Why do crack dealers still live with their moms?

Added: Jan 16, 2007

Author: TEDtalksDirector

Duration: 22:0

Description:
http://www.ted.com Freakonomics author Steven Levitt presents new data on the finances of drug dealing. Contrary to popular myth, he says, being a street-corner crack dealer isnt lucrative: It pays below minimum wage. And your boss can kill you.TEDTalks is a daily video podcast of the best talks and performances from the TED Conference, where the world's leading thinkers and doers are invited to give the talk of their lives in 18 minutes -- including speakers such as Jill Bolte Taylor, Sir Ken Robinson, Hans Rosling, Al Gore and Arthur Benjamin. TED stands for Technology, Entertainment, and Design, and TEDTalks cover these topics as well as science, business, politics and the arts. Watch the Top 10 TEDTalks on TED.com, athttp://www.ted.com/index.php/talks/top10

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Channel: Tech

Tags: steven levitt  ted  tedtalks  talks  freakonomics  economics  drugs  gangs 



steven levitt  ted  tedtalks  talks  freakonomics  economics  drugs  gangs 

Youtube Comments: 758

tonyfalca Says:

Apr 13, 2012 - It's not like they're dumb -- well, at least not all of them -- just unlawful.

tonyfalca Says:

Apr 13, 2012 - What's that Freakonomics book about? Sounds interesting.

drugstorerecords Says:

Apr 14, 2012 - too right brother

NateTheProtestant Says:

Apr 14, 2012 - jimmy crackcaine and I don't care, duffer saint george and i don't.... care

Antend0 Says:

Apr 17, 2012 - Never heard someone use 'niggers' so candidly lmao

crazedmaster Says:

Apr 18, 2012 - Skip to 20:47 for best part of the presentation!

rbduckdown Says:

Apr 19, 2012 - This guy is so clueless that he thinks you can't smoke pot.

Tyler Tyler Says:

Apr 23, 2012 - The reason is because they are just dealing drugs to satisfy their own addiction to that drug. Usually.

300Spartans1 Says:

Apr 23, 2012 - this guy is a retard

topgun2388 Says:

Apr 25, 2012 - He says "powder cocaine", not "pot or cocaine"

bruceduece1 Says:

Apr 29, 2012 - I don't have time to listen to this whole video, but if its premise is that dealing drugs is not lucrative, I completely agree. Most people arrested for selling drugs are poor. The money they make dissolves, and when jail time is factored in, very low paying. Often, they are addicts themselves, so most of the proceeds go to supporting their own habit. Selling drugs is a bad way to make money.

basetian Says:

Apr 29, 2012 - Can somebody show the part from 19:49 to the end to Apple and Samsung quick?

AzureSky317 Says:

May 3, 2012 - If you remember from old gang movies (a lot were based on real culture of gangs) there were always the bookie, "the Black book", the "red" book, etc. they kept financial of gangs and gambling/drug money. its no excel Spread sheet but just a carefully lined composition book

barrebeast Says:

May 6, 2012 - condescension at its best

Debonair73 Says:

May 7, 2012 - In the book, he says the average foot solider made about $700 a month. This was back in the 80s when the minimum wage was $3.35. That's $134 a week for a 40 hour week. Also street level dealers have to be on the street to sell the product. So they bascially work 12-15 hours a day.

RookOfOnyx Says:

May 11, 2012 - For the vast portion of Human history, people lived with their parents until they got married, and often times even then. Cool status quo bias (and pals), bro.

thejollysatan Says:

May 12, 2012 - this is true for how it starts

thejollysatan Says:

May 12, 2012 - Street corner crack dealing is only one type of drug dealing. There are dealers that operate in social circles that dont have to worry about rival dealers or their bosses and never go near ghettos.

tanky5000 Says:

May 23, 2012 - That was awesome!

Deeredman4 Says:

May 24, 2012 - lol he said "You can't smoke powder cocaine" at first I thought he said "You can't smoke pot or cocaine" I was like "/watch?v=WEtRoZ5FWNc"

Deeredman4 Says:

May 24, 2012 - I wouldn't say MANY. A few yes but I think the higher death rates related to alcohol is due to the fact that it is legal and therefore more accessible and less frowned upon. Don't get me wrong though Alcohol is more dangerous then weed for example but I don't believe heroin pales in comparison. :)

snillocgrom Says:

May 25, 2012 - your average doctor doesn't sell drugs. he/she only prescribes them. they may sell them if they represent a drug company, which most of them don't. if you want to be technical, anything that a human can ingest or inhale can be considered a "drug." Air is a "drug." That would make the manufacturer/distributor of your AC system in your home a "drug dealer." A bit farfetched...

tobynsaunders Says:

May 26, 2012 - No, I'm sorry you're confused. Drugs are not 'just whatever'.

snillocgrom Says:

May 26, 2012 - No. I'm a doctor. drugs are anything that can cause change after being absorbed by the body.

tobynsaunders Says:

May 27, 2012 - I'm sorry for your lack of understanding; I'm finished with debating the English language now.

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