{"id":9929,"date":"2013-10-21T09:00:43","date_gmt":"2013-10-21T13:00:43","guid":{"rendered":"http:\/\/www.Centives.net\/S\/?p=9929"},"modified":"2013-10-21T07:55:17","modified_gmt":"2013-10-21T11:55:17","slug":"the-economics-of-shredding-cars","status":"publish","type":"post","link":"http:\/\/www.Centives.net\/S\/2013\/the-economics-of-shredding-cars\/","title":{"rendered":"The Economics Of Shredding Cars"},"content":{"rendered":"<p style=\"text-align: center;\"><img loading=\"lazy\" decoding=\"async\" alt=\"\" src=\"http:\/\/www.Centives.net\/S\/wp-content\/uploads\/2013\/10\/102113_1136_TheEconomic1.jpg\" width=\"640\" height=\"427\" \/><\/p>\n<p>Turns out that shredding cars can be fairly lucrative, at least according to Adam Minter:<\/p>\n<ul>\n<li>In developed countries old cars are typically shredded via giant metal machines. Magnets then separate out the steel and the rest of the metal is sent to China.<\/li>\n<li>In China workers hand sort through the metal to find valuables.<\/li>\n<li>The average car has about $1.65 in loose change that was lodged in the seats.<\/li>\n<li>Workers who get those coins are paid $400 a month \u2013 and since they go through millions of tons of scrap metal it&#8217;s a fairly profitable arrangement for the companies that hire them.<\/li>\n<li>The coins are then sold to Chinese tourists at a discount. One couple had over \u20ac3,700 in change.<\/li>\n<\/ul>\n<p>See pictures, find out what happens to coins that are unusable, and more over <a href=\"http:\/\/shanghaiscrap.com\/2013\/10\/scenes-from-a-junkyard-planet-loose-change-edition\/\">here<\/a>.<\/p>\n<p>Source: <a href=\"http:\/\/shanghaiscrap.com\/2013\/10\/scenes-from-a-junkyard-planet-loose-change-edition\/\">Shanghai Scrap<\/a><\/p>\n<p>Via: <a href=\"http:\/\/marginalrevolution.com\/marginalrevolution\/2013\/10\/assorted-links-942.html\">Marginal Revolution<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Turns out that shredding cars can be fairly lucrative, at least according to Adam Minter: In developed countries old cars are typically shredded via giant metal machines. Magnets then separate out the steel and the rest of the metal is sent to China. In China workers hand sort through the metal to find valuables. The [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":9928,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-9929","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\/10\/102113_1136_TheEconomic1.jpg","_links":{"self":[{"href":"http:\/\/www.Centives.net\/S\/wp-json\/wp\/v2\/posts\/9929","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=9929"}],"version-history":[{"count":3,"href":"http:\/\/www.Centives.net\/S\/wp-json\/wp\/v2\/posts\/9929\/revisions"}],"predecessor-version":[{"id":9932,"href":"http:\/\/www.Centives.net\/S\/wp-json\/wp\/v2\/posts\/9929\/revisions\/9932"}],"wp:featuredmedia":[{"embeddable":true,"href":"http:\/\/www.Centives.net\/S\/wp-json\/wp\/v2\/media\/9928"}],"wp:attachment":[{"href":"http:\/\/www.Centives.net\/S\/wp-json\/wp\/v2\/media?parent=9929"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/www.Centives.net\/S\/wp-json\/wp\/v2\/categories?post=9929"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/www.Centives.net\/S\/wp-json\/wp\/v2\/tags?post=9929"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}