In 2006, the price for one hour of sex with a female prostitute averaged $340 around the globe. Today, the average rate is down to $260.
The Economist came up with this data after reviewing the online profiles and listings of 190,000 female sex workers in a total of 84 cities in 12 countries. There are several reasons cited for why the price of prostitution has fallen steadily in recent years, including the migration of poor sex workers into wealthier countries, which has pushed prices down. There's also some indication that the increased availability of legal prostitution in countries such as Germany has put downward pressure on rates for paid sex.
Overall, the explanation for the decline in the price of sex boils to the same two factors that have affected so many other industries over the last decade or so: The responsibility (or blame, if you will) can be traced back to the Great Recession, and the rise of the Internet's facilitation of virtually every aspect of life. "The fall in prices can be attributed in part to the 2007-8 financial crisis," the Economist reported. "The increase in people selling sex online—where it is easier to be anonymous—has probably boosted local supply."
Increased supply means increased competition, and lower prices in order to win customers' business. This turn of events should put a smile on the face of folks like comedian Jim Norton, who wrote a stunning pro-paid-sex essay titled "In Defense of Johns" last week for TIME.com.
Naturally, sex workers are upset about the decline in asking prices for prostitution. An analysis by the Economist on all the different ways the Internet has impacted the oldest profession indicates that the shift online hasn't been all bad for prostitutes, however. By being able to advertise and sell sex online, prostitutes don't have to rely as much on brothels, pimps, or other intermediaries, so less of a sex worker's money is going to a middleman. Selling sex on the web is certainly not safe, but it's considered safer than streetwalking, partly because prostitutes can do rudimentary background checks on clients and share information about violent or abusive customers.
Generally speaking, however, it's hard to come away after reading the Economist's investigation and not be depressed. Here's a group of workers who suffered mightily during the recession years and are still feeling its lingering effects. It's more difficult to make a living in this trade than it has been in the past, what with clients who have less cash to spend and who have more, lower-priced options to choose from thanks to the Internet and other technology.
That description could be used to sum up the recent plight of many retail employees, travel agents, factory workers, or, heck, journalists. Instead, in this instance, it describes the situation facing women who feel forced to sell sex for money.