Feel the Pinch

Newsweek
Jessica Ramirez
June 16, 2008 12:00 A.M.

According to George Flint, Director of the Nevada Brothel Owners' Association, revenue for the 25 businesses in his membership organization is down by as much as 45 percent. The reason: Sex for money may be recession resistant but it's not recession proof. "Business is in a lower slump than I've ever seen it before," Flint says.

In Nevada, the world's oldest profession has been very lucrative. In a typical year, legal brothels generate about $50 million in total revenue and have an economic impact of about $400 million on the state. But in the last 18 months the industry's cash flow has taken a dive. Why? Like other businesses around the country, bordellos throughout the state are feeling the pinch of rising gas prices and a weak economy.

What's this world coming to???