I remember in the 1970s a documentary on prostitution in New York City. The women said they charged $100 an hour.
In the 1980s when I was working the nightclub scene in New York, the rate was still $100 an hour.
By the late 1990s, a friend told me he was paying $70 to $80 an hour.
In August 2019, a man told me the going rate was about $50 an hour.
At first glance you might think the price has dropped $50 in 50 years, but you’d be wrong. Adjusted for inflation, $100 in the 1970s equals $661 today. That is a 92% drop in value.
Factor in supply and demand and the picture is even clearer, back then, women selling sex were scarce, which drove the price up. Today, there are so many of them willing to sell it that the price has collapsed. What does that tell you about the women of today?
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