Bodies Double as Cash Machines as Income Lags
|November 6, 2013||Posted by Staff under Inequality / Concentration|
In all but two quarters since the beginning of 2011, “hair,” “eggs,” or “kidney” have been among the top four autofill results for the Google search query, “I want to sell my…,” according to Nicholas Colas, chief market strategist at New York-based ConvergEx Group, which provides brokerage and trading-related services for institutional investors.
At Shady Grove Fertility Center, which has offices in Washington, Virginia, Maryland and Pennsylvania, about 13,000 women will apply this year to be an egg donor. That’s roughly a 13 percent increase from 2012.
Payrolls are still down 1.9 million employees from the January 2008 peak. The share of unemployed Americans out of work for 27 weeks or longer was 38 percent in August. Median household income, which includes wages and investments, has fallen every year for the past five after adjusting for inflation.
Egg donors receive compensation at almost every step of the process, earning $7,000 by the time they finish their first donation cycle.
While Americans can legally sell hair, breast milk and eggs, the sale and purchase of a kidney in the U.S. is against the law. While the sale of kidneys is limited to the black market, the organ could fetch $15,200 if legal monetary incentives for donations were introduced.