The Average Cost of Conviction/Incarceration: $15,000+ (per year)

Hat Tip: Everyone who probably blogged about this a month ago when it was published, sorry I wasn’t paying attention at the time:

Incarceration reduces former inmates’ earnings by 40 percent when compared to demographically similar counterparts who have not been imprisoned, according to a new report from Pew’s Economic Policy Group and the Pew Center on the States.

The report estimates that after being released, former inmates typically work nine fewer weeks a year, and their annual earnings drop to $23,500 from $39,100. Not surprisingly, given the stigmatizing effect that a criminal record can have on a job applicant’s résumé, former inmates enjoy less income mobility than counterparts who did not serve time.

I’m going to go look up that report… more soon, unless, as always, I don’t bother to get around to it.

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