A criminologist from England's University of Leicester claims his research shows that UK burglars are switching to mugging because cheap Chinese imports have crashed the market for used DVD players and other pawnables:
"Cheap labour in China has had an impact on the type of crime that's committed in the UK and the type of goods that are stolen today. Gradually, the prices of such goods has fallen so low as to they almost have no resale value. If you can buy a DVD player for £19.99, it's simply not worth stealing..."
Burglars Have Changed Their 'Shopping List', New Research Reveals
"While DVD players for example, got cheaper, certain consumer items became smaller and were very, very expensive and sought after and so the latest mobile phone, or the latest ipod, which people carry about them, have become targets for robbers."
It is these expensive, personal items, which are the most attractive to thieves today as they still retain value and can therefore be sold on, igniting a career change for criminals from the more traditional household burglaries to personal muggings.
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Here’s a small gallery of the East German secret police’s 26th Division, hard at work during the 1980s.
In Insurance coverage of customers induces dishonesty of sellers in markets for credence goods , a research paper in PNAS by German and Austrian economists, the authors show experimental evidence that electronics repair shops are more likely to overcharge for labor when their customers have insurance.
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