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ILS2325 Economics of Sin: Economics of Sex

Prostitution

Socioeconomic Factors:

> Money earned often supports drug addiction

> Often draws in people from a lower socioeconomic classification 

 

Independent Contractor

> Performs only the work specified in the verbal contract

> Freelance worker

vs

Employee:

> No benefits offered outside of base compensation

 

Sources:

The Guardian

ABC News

Business Insider

Newsweek 

Views About Prostitution

Pros and Cons of Legalizing Prostitution

Pros:

>Added Tax Revenue

>Reduction of Communicable Diseases

>Increased Personal Safety

 

Cons:

>Promotes Immoral Behavior

>Budgetary Costs

 

Sources:

Forbes

NY TImes

Business Insider

Prostitute Arrests vs Male Customer Arrests