Another look at how the tightening economy is impacting the world’s oldest profession.  Read the complete article at The Las Vegas Sun…

Not even prostitution is immune to economics of supply, demand
By Abigail Goldman

The pleasure of Stacie’s company used to cost $450 an hour, but no longer. Her clients were capped at 35 and older; today she’s taking almost anyone. Sex acts once off the menu are suddenly back on — recession specials, served with a side of shrugging compromise.

If she doesn’t do more for less, Stacie says, another prostitute will. And her weekly income is still down by half.

The illegal prostitution economy in Clark County is a multimillion-dollar beast fed by a black market so diverse that it’s impossible to pin down. On one hand, midrange prostitutes like Stacie say they’re being crippled by the economy. On the other, high-end call girls claim they’re not feeling much pain. And the women charging the least reportedly are making the most these days — counterintuitive in an industry where bargains come with risks.

Consider the work of sociologist Sudhir Venkatesh, who surveyed hundreds of high-end prostitutes in New York and discovered that 40 percent of “trades” in the sex economy never went beyond light petting or kissing.

In Las Vegas, the economy’s effect on call girls is even more complicated: The bulk of clients — or johns — here are from out of town, tourists or businessmen who spend days in convention halls and nights in hotel rooms with to-your-door entertainment. These men are bread and butter for local prostitutes, provided the clients come to town. And anybody in the hospitality industry — here that illicitly includes call girls too — can agree that fewer men are flying in, with less money to spend.

Meanwhile, more women reportedly are getting into the business, which creates a classic supply and demand squeeze. An escort agency owner told the Sun he’s getting about 40 interested applicants every day, the majority of whom are women running from the wreckage of lost finance jobs.

Now fold another factor into that dynamic: When the economy is bad, when people feel their mortgages closing in, they seek comfort: alcohol, cigarettes, gambling, pornography and perhaps prostitution.

When all these elements collide in the nebulous economy of escorting, a trend emerges: The Clark County call girl economy has a tipping point — about $650.

In Vegas, prostitutes who charge between $600 and $700 are being hit the hardest. The women (and the smaller number of men in the business) who charge in the $200 to $300 range are doing the same business as before, if not better, according to Susan Lopez, founder of the Sin City Alternative Professionals’ Association for local sex workers. And women who charge thousands of dollars for multi-hour appointments tell Lopez, and the Sun, that they’re not really being affected at all.

Although this is no scientific study — and people should be wary of any numbers that claim to definitively capture any element of the sex-for-pay market — the tipping point does make sense: People tightening their belts are downgrading to cheaper service; people who don’t need to tighten their belts aren’t really doing it at all. If you can buy a Bentley today, the logic goes, you’re probably going to be able to buy one tomorrow.

Or maybe you’ll buy an evening with Rebecca. She’s been a call girl in Las Vegas for several years, after leaving a job in finance behind. Winters are always slow, she says, but overall, the money is good. How good? Her best month was $32,000. An average month is more like $15,000.

“I get a lot of doctors and lawyers and they don’t even blink,” she said. “By January or February I’m fully expecting to raise my rates.”

Her rates, for now, are $2,000 to start. Overnights cost $4,000. Travel and multiple-day excursions are negotiable.

If you don’t believe people would pay that kind of money, consider the case of former New York Gov. Elliot Spitzer, who authorities allege spent $80,000 on escorts in one year, despite having a lot more to lose than the cash.