If gents lose income or assets then they will have less discretionary funds. Except for the very high end people. So law of supply and demand would dictate price drops. Especially if ladies get pushed inyo providing due to job loss. But it never seems to happen. Lol
It never happens because this biz isnt really a free market, even though many folks on here and elsewhere often say it is because it suits their argument when talking about "market self-regulating". Newsflash, in a free market the prices do go down.
This biz doesn't have competitive pricing and /or unrestricted entry of competition. This biz pricing has never been,and never will be driven by supply/demand curves until prostitution is legalized. Many sellers in the biz respond to recession and inflation by actually raising prices even though it's completely the opposite of what supply/demand curves say, so their net income is the same while demand is lower. This is why I get so aggy when people try to say the market determines the price in this biz. It doesn't. It's not a free market.
In my experience every time the economy goes downhill new providers or older ones who have not advertised pop up everywhere. To not expect that many of million or so female immigrants flooding into our country will not become escorts is unrealistic. Many through self preservation and others through cartels and organized crime. The first of 2024 will look much different than the start of 2023 in many ways.
If that is the case then typically the DC is pretty recession proof, in fact as things get tough more "people" come throw money at politicians to get economic assistance or favorable changes to law and regulations. I think it's probably common sense to think that if demand contracts (customers disposable income declines) then you will be getting fewer appointment requests. So providers' income, collectively, will likely fall just as it will for customers' income collectively. Top level providers will likely not feel things as much (or at all perhaps) as the mid and lower-tier providers -- again, pretty much just as till be the case for customers and their jobs.
Makes sense. Meta, Twitter, Google, et al recently laid off more than 100,000 employees, and probably half o9f them were young(er) and female. And in today's economic environment it's not likely that there are enough well-paying jobs for all of them. So 300-800 an hour probably looks pretty good when the house payment, car payment, etc comes due.
People who work at FAANGs (and I'll say you're very optimistic about the number of attractive young females being half of laid off folks there) get very good severance packages and they also make good bank as is. Well, at least in the bay area. I dont think many of them will explore the escort biz.
The Rocketeer is spot on. This business is a cartel, not a free market.
Take a look at TJ, where SW is technically legal. The Hong Kong group is consolidating the entire Zona Norte, doing their best to crush any competition. The Bar girls now have a bunch of new rules around upsells or they get put in the penalty box.
Prices never really go down but that's more a function of female psychology than lack of market forces. Millions of single over 40 women remain lonely and live with their cats because they won't settle for any man not in the top 5% of looks and status. You can damn well bet they'd starve to death rather than lower their accustomed rates. It's a status issue -- a driving female force.
I think a great deal depends on how you define “the market”.
I have no idea what percent of the total number of buyers and sellers TER represents; the total market is opaque, at least to me. And without the transparency you can find in, for example, the number of laptop computers sold in 2022 in the US, it’s hard to know what’s really happening. It may be that in recessionary periods many women actually leave this line of work because dates are harder to find, making it possible for the remainder to maintain their current pricing. And it could be that when a recession hits, providers don’t raise rates as much as they otherwise would and instead just take more dates. Without more than anecdotal data to go on, who knows. Moreover, if this thing is not a lady’s only source of income, she may be able to avoid lowering prices simply because she doesn’t need to. And of course if we include K-girls in “the market” I’d say we have seen some stability if not outright deflationary trends. (There are days on the TER LA Review Board where 7 of the first 10 reviews in the queue are K-girls) I seem to recall that the latest round of inflation (at least in big cities) coincided with the pent-up demand of the mid to late pandemic, an inflationary spiral that began around the same time as the pandemic, and a labor market that had more demand than supply. And atop all that, again in major metropolitan areas, I’m not aware of the price of anything dropping even during the Great Recession. Sure, if you bought some POS house in Palmdale for 600k you may have lost money on paper. But here in the big city what I recall happening is that some people lost their jobs and home prices stabilized for a while before resuming their climb. But cars and shoes and washing machines didn’t suddenly start selling for 50% less. That inexorable climb has been reflected in the rates we pay here.
Too many people working and making their lives better, so government raise interest rates, and use large national news networks to talk up unjustified price increases to keep a portion of the population in check economically. It's a game that's engrained in the American experience going back centuries ,no matter who is in charge. As a student of economics, I never fall for it. It's all about limiting and controlling certain aspect of society. No wonder they don't teach Karl Markx in American universities.
Ah, Ah. Do you want to count somebody who makes an OnlyFans account as "in the game?". I don't. I look at OF accounts, and I feel like I'm like Walt Kowalski ... "You call lame-ass selfies SEX WORK? You weak bitch, you try walking Chicago's Grand Ave at 3am, giving 1 Jackson BBBJ's ...". https://en.wikipedia.org/wiki/Grand_Avenue_(Chicago)
I'd agree with Curly W .. most will drop out of the workforce, rather than accept lowered pay or harsher conditions.
Lol yeah OF is kind of a gray area. Which probably deserves its own thread. Mostly because as someone who hates double standards, I find it absolutely ridiculous that sex for pay is illegal yet sex for pay when filmed is just a-OK.
for this reason and nothing has been the same post-covid. This business has drastically changed, at least for me, so don't see the point in staying. When business stops, it's time to go. I'll only be seeing one gent post retirement who's been a regular since we met last year, so we've agreed that works for the 2 of us when the curtains close in this world.
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