There might be some other consequences, not necessarily economic and not necessarily negative, would could also ensue. Some of it, especially those involving male behaviors, could be seen as a a real boon to American women. Other consequences, it remains to be seen.
1. Oversea travel to countries with a reputation for an open and above-board commercial sex industry would definitely increase. A lot more of us would start to book trips to Costa Rica, Thailand, The Philippines and liked-minded climes to avail ourselves of those "advantages."
2. Persuant to the above, interest in foreign lanuage study, even if only of the most basic conversational, get-around-easily type, might be expected to increase. Organizations like Berlitz, and the many companies which produce foreign langugs study guides and teach yourself materials, could be expected to take an uptick.
3. The US Passport Agency could be expected to be flooded with 1st time applications, further worsening the already interminable delays [it's currently 6+ weeks at the NYC PP office for first-timers]. Don't expect the gov't to do anything logical like increasing the workforce to deal with the backlog.
4. I would expect the most enterprising among us to start trying to develop ambidexterity as a very temporary, stopgap expedient, if only to delay the problems of RSI. Look for an increase in silly household accidents and a definite deteriation in the quality of most male penmanship.
5. A lot more health club memberships would be taken out,and those already members would greatly increase their use of the facilities. Strenous physical activity being one way to work off pent up stress. Expect a surge of cardiac event cases in the beginning, but over time, a much increased level of physical health and fitness among middle-aged American males.
6. If civvies are the only game in town, expect a lot more men to respond rationally by cleaning up their respective acts. Way more metrosexuality, weight loss, hair tansplants, liposuction, Lasik surgery for vision, reconstructive/cosmetic dental work and the like would be the order of the day, A lot more sensitivity, no doubt much of it feigned out of necessity, could be expected from men toward women. Which, paradoxically, could disadvantage women while advantaging men. When they've cleaned up their acts and gotten their shit together, they'll be more attractive to more women, so...
7. Sadly, there aren't foolproof stress reduction techniques. Depending upon a lot of other things, a rise in physical violence against women, children and innocent hosehold pets might come to pass.
8. The number of cold showers taken could greatly increase, so private homeowners could expect to pay more as water rates rise due to increased demand.
9. Lots of men would decide they would have to make the best of it, and work much harder at their civvie relationships with wives and SOs. Marriage counseling and couples therapy will experience a newfound popularity, and as time went on, those specialties could expect to attract more practioners.
10. Production and consumption of pornographic materials would probably increase.