{"id":10000,"date":"2013-11-03T09:00:29","date_gmt":"2013-11-03T14:00:29","guid":{"rendered":"http:\/\/www.Centives.net\/S\/?p=10000"},"modified":"2013-11-03T04:41:59","modified_gmt":"2013-11-03T09:41:59","slug":"the-economics-of-being-a-pirate-2","status":"publish","type":"post","link":"http:\/\/www.Centives.net\/S\/2013\/the-economics-of-being-a-pirate-2\/","title":{"rendered":"The Economics Of Being A Pirate"},"content":{"rendered":"<p style=\"text-align: center;\"><img loading=\"lazy\" decoding=\"async\" alt=\"\" src=\"http:\/\/www.Centives.net\/S\/wp-content\/uploads\/2013\/11\/110313_0938_TheEconomic1.jpg\" width=\"639\" height=\"437\" \/><\/p>\n<p>The Economist wrote about the economics of being a modern-day pirate (unlike the one pictured above):<\/p>\n<ul>\n<li>The average (sea-faring) pirate makes between $30,000 and $75,000 a year in base salary.<\/li>\n<li>Special bonuses for those who are the first to board a ship, or for those who bring their own weapons or ladders can reach $10,000.<\/li>\n<li>There are also deductions. Qat \u2013 a narcotic plant that is commonly chewed \u2013 is provided on credit and is deducted from the final salary of a pirate. There are also deductions for bad behaviour which can reach $5,000.<\/li>\n<li>In fact the fines are so steep and the rules so often broken that many pirates end up in debt at the point of retirement.<\/li>\n<li>Those who do end up with cash spend it on machines that detect fake bank notes and, believe it or not, lawyers.<\/li>\n<li>Former pirates make their living by starting up consultancies that work with the victims of piracy, and by working as pirate negotiators.<\/li>\n<\/ul>\n<p>Find out how much money is needed to invest in a pirate expedition, where it typically comes from, the interest rates that pirates have to deal with and much more over <a href=\"http:\/\/www.economist.com\/news\/middle-east-and-africa\/21588942-new-study-reveals-how-somali-piracy-financed-more-sophisticated-you\">here<\/a>.<\/p>\n<p>Source: <a href=\"http:\/\/www.economist.com\/news\/middle-east-and-africa\/21588942-new-study-reveals-how-somali-piracy-financed-more-sophisticated-you\">The Economist<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Economist wrote about the economics of being a modern-day pirate (unlike the one pictured above): The average (sea-faring) pirate makes between $30,000 and $75,000 a year in base salary. Special bonuses for those who are the first to board a ship, or for those who bring their own weapons or ladders can reach $10,000. [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":9999,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-10000","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-daily-bulletin"],"jetpack_featured_media_url":"http:\/\/www.Centives.net\/S\/wp-content\/uploads\/2013\/11\/110313_0938_TheEconomic1.jpg","_links":{"self":[{"href":"http:\/\/www.Centives.net\/S\/wp-json\/wp\/v2\/posts\/10000","targetHints":{"allow":["GET"]}}],"collection":[{"href":"http:\/\/www.Centives.net\/S\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/www.Centives.net\/S\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/www.Centives.net\/S\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"http:\/\/www.Centives.net\/S\/wp-json\/wp\/v2\/comments?post=10000"}],"version-history":[{"count":3,"href":"http:\/\/www.Centives.net\/S\/wp-json\/wp\/v2\/posts\/10000\/revisions"}],"predecessor-version":[{"id":10003,"href":"http:\/\/www.Centives.net\/S\/wp-json\/wp\/v2\/posts\/10000\/revisions\/10003"}],"wp:featuredmedia":[{"embeddable":true,"href":"http:\/\/www.Centives.net\/S\/wp-json\/wp\/v2\/media\/9999"}],"wp:attachment":[{"href":"http:\/\/www.Centives.net\/S\/wp-json\/wp\/v2\/media?parent=10000"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/www.Centives.net\/S\/wp-json\/wp\/v2\/categories?post=10000"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/www.Centives.net\/S\/wp-json\/wp\/v2\/tags?post=10000"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}