October 15. It was a scene straight out of “Les Miserables”. She hasn’t worked in two years and she was facing eviction so April Hare sold 18” of her auburn hair. Since this is 21st century America and not backward 19th century France the sale was done through a website, buyandsellhair.com. She sold her hair for $1,000.
In the U.S. people can legally sell hair, eggs, and breast milk. You can’t sell a kidney or part of a liver legally, but reportedly it’s done on the black market.
Bloomberg news reported this all in a piece today “Bodies Double as Cash Machines”. They quote a “market strategist” Nicholas Colas as saying this is a sign of the times, “It indicates that there are still a lot of people worried about their financial outlook”.
Bloomberg reports the Shady Grove Fertility Center said 13,000 women will apply this year to be an egg donor. That’s roughly a 13 percent increase from 2012. Breast milk. You can sell it for $5 an ounce.
In real terms wages have been dropping for years. Adjusted for price increases Americans are earning less than what they did in 1996. Of course, that doesn’t mean all Americans. Another article on Bloomberg talked about the Americans coming back into the French luxury housing market. Some are looking at homes in the 30, 40 or even 50 million euro range.