Posted in Finance, Accounting and Economics Terms, Total Reads: 282
Definition: Hot Waitress Economic Index
Hot Waitress Economic Index is a measure used for gauging the health of the economy by seeing the number of good-looking boys & girls working as waiters or waitresses. There is an inverse relationship shown by the index which states that when the economy is poor, good looking people are willing to take up jobs as waiters and vice versa.
This index gives a perspective on how the economy of that country is doing. Usually, well groomed boys and girls end up having good jobs. But when there is an economic crisis, even they seek any job which pays them, and hence they end up being a staff at a restaurant.
It is a perspective which gives a relative measure and might not be entirely accurate in terms of understanding the economic scenario.