| But the point stands. That rate is not great compared to legal brothels and escorts in Amsterdam. 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). |