Wednesday, September 16, 2009
Hot Waitress Economic Index
Having come across this term in the ‘financial term of the day ‘of investopedia.com, my mind wandered to a parallel context in the current market scenario.
Investopedia defines ‘Hot waitress Economic Index ‘-Directly doing a ctrl-c ctrl-v from investopedia.com
An index that indicates the state of the economy by measuring the number of attractive people working as waiters/waitresses. According to the hot waitress index, the higher the number of good looking servers, the weaker the current state of the economy. It is assumed that attractive individuals do not tend to have trouble finding high-paying jobs during good economic times. During poor economic times, these jobs will be more difficult to find and therefore more attractive people will be forced to work in lower paying jobs such as being waiters/waitresses.
It would have been interesting to calculate the index for India, but considering that the percentage of opposite sex working as waitress in India would be miniscule, our index needs to be modified a little
We would define an index Hot female B School Economic index
‘An index that indicated the number of hot chicks passing out of B school who are employed in salaries which are less than the average salary of the batch passing out of their colleges.’
Mithunopedia explains Hot female B School Economic index as
Traditional recruitment theory in B schools says that failure of recruitment of very hot females or females in general could be an leading indicator of how bad the economy is. When the economy is good and the cash flows of the companies are more stable, male bosses venture out by hiring hot chicks under then to keep their peers, them as well as their clients or customers in humor. It is when the economy faces a downturn, the male bosses realize that their own jobs lie in the peril and the management would least not be happy if their subordinates recruit pretty good for nothing dolls
All you feminists do not haste, raise your eyebrows and call me a MCP; there is truth in the fact above.
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