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Hot Waitress Economic Index

24 May

What Does it Mean?

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 economics 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.

According to http://www.investopedia.com/ ; Hot Waitress Economic Index is a Traditional economic theory contends that employment tends to be a lagging indicator for economic recovery. However, the hot waitress economic index could be a coincident or even a leading indicator for economic recovery because  attractive people may be the first group of individuals to find better paying  jobs when a bad economy begins to turn around.

Do you think this applies to Developing countries like Tanzania where Unemployent is a huge problem?  I will appreaciate your contribution.

 

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2 responses to “Hot Waitress Economic Index

  1. 65

    May 24, 2012 at 4:18 pm

    Hii economic theory kali. Are they referring to bars or hotels as well?  What about the perception that the most beautiful do not climb higher in the education ladder and therefore get employed as waitresses? 65

     
    • monfinance

      May 24, 2012 at 4:38 pm

      It is a weird economic index! They are specifically referring to bars and hotels!

       

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