If not did you goto one of the top strip clubs in America? that sounds insane. Haven't been to a strip club in a real long time myself tho (absolutely don't have the income nor desire).
I think top golf is an interesting metric; I'd be concerned about linking it to two things so addictive - golf addicts and alcohol consumtion. But with the prices at top golf and how much the drinks cost it's probably a good indicator of the sector.
One of the downsides of it might be it only targetting people in upper income brackets (golf is an expensive game per se, def not as everyman and top golf isn't really accessible).
Then again I can't think of any metric that wont be "inflated" by more well off people consuming something cheaper and less well off people having to use another option (aka mcdonalds).
The price was ridiculous, I don't recall exactly, and I declined, saying I would just leave, and the dancer said in a Russian accent, if I did, she would tell security that I robbed her, since we already entered VIP. I think I paid her like $60 in front of the security guard and walked out. Definitely got mob/extortion vibes from the whole experience.
In this example, at least the $50 per 3 minutes or whatever it was, wasn't for anything 'extra' as the VIP area was wide open with no walls, all the victims able to see exactly how scammed everyone was getting.
1) Maximum City is a book about various people in Mumbai around ~2000. One of them is a sort of stripper (she dances and sometimes dates in a transactional way; I don't remember how explicit it all is). Her analysis is that her clients are partially paying for her but more so for "winning" her over the other clients. The point isn't that one of them takes her shopping and gets to watch her choose handbags; the point is that nobody else gets to go.
2) I read a long article about economic strategies behind webcam shows (by a performer, maybe by Aella?) and the author made two points that I remember: one, it's good to have a stupidly high priced item that a whale can roll in and buy. Two, she had success having a high priced item that "saved" her, e.g., if you pay $X I won't have to eat this gross thing I made. Neither one of these is really about the thing, it's about the feeling of out-competing the other guys there.
So while you're $500 example makes sense if somebody is just looking for the dance (or whatever) itself, it doesn't make sense if that person actually wants to "win" over the other patrons (and doesn't view the poorer patrons in the poorer country as real competitors).
Someone living in NYC can fly there for $400. That same flight to Las Vegas is not much less money.
This is why industry-specific indexes don’t work. It can’t capture industry-specific changes to the offering and its surrounding alternatives.
E.h., clubs could be empty due to consolidation and lack of competition and abnormally high prices compared to the past.
E.g., the Big Mac index falls apart if McDonald’s changes its business model away from low cost food and more toward higher pricing and lower volume.
E.g., legal brothels in Nevada are becoming more rare as more shut down and the difficulty of starting a new one is high.
E.g., the stripper index could be inaccurate if more or fewer men are in happy sexually active relationships. You’d have control for that variable.
E.g., the stripper index could be irrelevant in Las Vegas as it transitions to being more of a family, sports, and conference destination rather than a bachelor’s playground.
E.g., the stripper index could become less relevant as more men trend away from being comfortable with the idea of strip clubs in the first place (just like how Hooters went from nearly a family restaurant to being super weird, and how Playboy used to be a respectable mainstream publication but is now much less so).
I'm sure she loved that.
>Maybe people are just fed up with it and spending their discretionary income in other ways.
My friend, paying for "sex" will be one of the last things to go.
>Because for $500 from the USA if you live near any major airport hub you take a long weekend trip to several Central and South American countries
Do you think these are substitutes?
Depends on the strip club prices in those countries I guess.
> where you can have a whole lot more fun than you can at one of these strip clubs
"Fun" here being prostitution, I presume.
It really depends on the context. If you ask your spouse, it's probably the latter. When talking about strip clubs, it's more of the former.
If that’s the going rate that’s the going rate. My plumber quoted me $17,000 in labor for something that was probably a days work for a team of two (and $5,000 in materials). That’s about $500-1,000 an hour. My dad was like “that’s insane for a plumber.” And I’m like “you told everyone to go to college and become baristas, so that’s what plumbers cost now.”
The stripper index makes sense when they were servicing a need no one else could. But the rise of OnlyFans means that at least some of the money that would have gone to strippers is going to performers on OnlyFans.
That's the issue with the Stripper index, is that it's vibes based because we can't actually measure how much the industry earned. If we listened to how people felt America should have been through 4 recessions in the last 3 years.
I do.
Now the companies want a tip for the food I pick up myself directly from the restaurant and leave. I am not sure what I would even be tipping for, for making me the sandwich? Shouldn’t that aspect just be rolled into be price of, you know, the sandwich?
I used to feel kind of guilty for declining to tip at these kiosks, but I don’t anymore. In fact in a way I guess it’s sort of saved me money since I dislike this process so much that I have taken to just buying groceries and making food at home more often.
Our minimum wage is higher here though.
I would much rather employers pay their employees a livable wage and roll the cost of that into the price of the service.
But I do kind of dispute that it's just a "self esteem" thing. Often the "no tip" option is smaller and harder to spot, and I think that some people genuinely do not realize that "not tipping" is an option, and it's not like these kiosk manufacturers don't know this.
I will go to restaurants when I'm traveling for obvious reasons, but for the six months or so I haven't really eaten out more than five or six times, all of which were for special occasions. For comparison, I used to go to some form of restaurant in the past four times a week. I gradually started to avoid places that have the tipping kiosk, but then just transitioned away to just avoiding restaurants entirely
Now, there's actually a bunch of reasons that I don't eat out anymore, but one thing I'm pretty sure is this: you know what's even worse for a business than people not tipping for a service? Them not showing up to even buy the service.
Good luck explaining that to your wife
I just paid $250 for pit tickets to see an artist I like at a mid-tier venue. A similarly popular artist in 2019 at the same venue would have cost ~$70.
I think the reality no one in charge wants to admit is that inflation is actually kind of out of control, primarily in non-essential sectors like entertainment. Its a situation where things are more expensive -> people do fewer things -> the things have to get more expensive to account for people doing fewer things -> vicious cycle. The story of 2022-2024 was tech breaking, but I think the story of 2024-2026 is going to be the services and entertainment industry breaking; and the break might be a lot worse.
"Outside" entertainment is getting vastly more expensive. Average hotels are charging eye watering prices the world over. Concert tickets are astronomical. Restaurant prices and fees are out of control. Any type of rental, tour or other type of activity on vacation feels extortionate. Airline tickets are hundreds or thousands of dollars for a tiny economy seat.
I think this is largely driven by monetary and fiscal policy that disproportionately benefits the rich (Paycheck Protection Program, low interest rates). If you give people who are poor more money, I believe they will spend it on things that stabilize and improve their day to day lives so you'd expect to see inflation in things like food and medicine. If you give money to people that are already stable, they will spend it on things the things that we see are having very high inflation: improved housing, vacations, luxury goods.
This is bad reasoning and completely throws out the concept of supply and demand.
You are paying $250 instead of $70 because you want to see a specific show by a specific entertainer. There are lots of other shows available for less.
It's just blew my mind. I'm not sure what the house take is but $500 for a private dance for an hour was insane. Senior consultants that solve million dollars problems don't charge that much per hour. I literally had to explain to one of these girls how insane the price was. Because for $500 from the USA if you live near any major airport hub you take a long weekend trip to several Central and South American countries where you can have a whole lot more fun than you can at one of these strip clubs, and you're all in for $500. If that's your chosen form of entertainment, it literally makes no economic sense to spend any money at these strip clubs.
I think at one time using a stripper index as a proxy for a recession measurement would have been good. Nowadays I don't think that's a valid way. Too much has changed across the sex entertainment industry, and the attitudes of the customers have also changed because even if all you want to see is girls dancing there's better value for your money with the other options that are available. Many of those options you don't even have to leave your house.
Maybe a better proxy for a recession measurement would be something like top golf earnings. Or some other discretionary entertainment place similar to that. Are people going on outings spending their discretionary income in that way or are they saving it or did they just not have it to spend.