STILL ON A CACTUS ROLL. I am well known for my inability to turn away an orphan plant. I even go searching for them. Our local Lowes has a reduced table and if I am in the area I always stop in to take a look. In the past I have found some very nice plants on that table and I get satisfaction for restoring them to good health. However, if this week I was thinking about reducing the number of potted plants I have, all thoughts were out of my head today when I espied these cactus on the $1 table.
Figure 1: A ratchet featuring gear (1) and pawl (2) mounted on base (3). A ratchet is a mechanical device that allows continuous linear or rotary motion in only one direction while preventing motion in the opposite direction. Ratchets are widely used in machinery and tools. Though something of a misnomer, ratchet is also often used to refer to ratcheting socket wrenches, a common tool with a ratcheting handle.
Gary Charness, Peter Kuhn, Marie-Claire Villeval. In labor markets, the ratchet effect refers to a situation where workers subject to performance pay choose to restrict their output, because they rationally anticipate that firms will respond to higher output levels by raising output requirements or cutting pay.