SERVICES: Making Crime Pay

Whatever it has been doing for criminals, the nation's rising crime rate has been paying off handsomely for one burgeoning industry: private security firms. This year businessmen and other crime-wary customers will spend a total of $6.6 billion on private guards, up 46% in five years. Already, the large and small companies in the security business have a total of 800,000 people in uniform, compared with fewer than 450,000 state and local police in the U.S. Says Neal Holmes, head of Pittsburgh-based Allied Security: "There's only one business better than ours, and...

Want the full story?

Subscribe Now


Learn more about the benefits of being a TIME subscriber

If you are already a subscriber sign up — registration is free!