The Sex Industry Has Performance Issues

May 24, 2013 in Daily Bulletin

The Economist took a look at the struggling British sex industry:

  • Demand for the services has fallen as Britain’s economy continues to struggle. Sex, unlike food or the payments on a mortgage, is considered by most to be a luxury and is easily cut back upon.
  • At the same time the supply of sex workers has increased as people find ways to supplement their income. This has put downward pressure on prices – some have had to cut prices by up to 50%.
  • The industry is also struggling with higher rent and energy prices.
  • The news isn’t all bad – budget brothels have been doing well as they offer greater value for money.

Read more about the dangerous situations that prostitutes are having to deal with, how it’s no longer possible to be a full time prostitute, and how this reflects broader trends in the British economy over here.

Source: The Economist