Bonus expectations got ya down? Thinking about robbing a bank? You might want to reconsider. Not because it could be dangerous or you might go to jail or your disguise sucks but because, statistically speaking, it's not really worth your time. In terms of work put in you'd be much better off giving out hand jobs in the abandoned UBS building or the alley between 200 West and Shake Shack.
In what’s billed as the first cost-benefit analysis of such crimes, three economists note that Britain saw 106 attempted or successful robberies of 10,500 branch banks in 2007. The average haul was $31,600, including the one-third of attempts that came up empty. The average “successful” heist landed about $46,600 — but about 20% of those successes were later tarnished, to say the least, when the raiders were arrested. Each incident involved an average of 1.6 people, resulting in a per-person take of $19,750: a mere half-years’ worth of wages for the average Britisher. (In the U.S., the authors say, the average total bank-robbery take, per incident, is even smaller, just over $4,000.) Think a half-year’s salary isn’t bad for one day’s work, plus a little planning? A “career” bank robber would more likely than not be arrested after only four attempts...“The return on an average bank robbery is, frankly, rubbish,” they write.
Just something to think about.
Bank Robbery Doesn't Pay (Much) [Ideas Market/WSJ]