I talked with my dad today on the phone. I consider him to be respectable business man. He, of course, has NO IDEA what I do and would disown me if he ever found out.
He was very nervous and tense. (I think everyone gets that way when their livelihood is involved). He said, "Sweetheart, get ready for round two of this recession."
I said, "Daddy, everybody is saying that the recession is over, and that things are getting better."
He replied that I was misinformed. He told me that his workers in China are striking for a higher wage. Production is on hold in MOST of the factories all over China for the same reason. He then said that our government keeps printing more and more money, but we don't have the funds in the federal reserve.... and to get ready for inflation. He continued to tell me that they are going to have to pay a 40-60% increase on wages in China to get production started again. This cost is going to be factored into our goods. If our goods get more expensive, then everyone has to charge higher to compensate. But, since our government has printed too much money, the dollar is going to be worth crap.
I asked him why he just doesn't move the factories back to the US. If we are going to have to pay a higher amount, why don't we give the jobs to the local community. He said, "Trust me babe, we're thinking about it..."
I love my job. But let's face it... I am not a necessary good or service. Hobbying is a "luxury" expense; the first to go during rough times.
Plus, the number of women who have entered the hobby has increased exponentially over the last couple of years. People have attributed this phenomenon to the economy. Many of these women will take rock bottom rates, driving down the mean value of services. If the economy gets WORSE, how many more women will become escorts? THEN what will happen to the rates?
As a student, my top priority is school. The hobby gives me the flexibility I need to be a full time student. However, if I lower my rates to keep my prices "competitive", then I have to hobby more and study less.
Many men get excited about a woman lowering her prices. Here is the sad truth: that woman's expenses are the SAME as when her prices were higher. When she lowers her rates, she has to see MORE clients. Say goodbye to GFE. Say goodbye to "hanging out a little while" after the session. She needs to see 15 more guys today to pay the water bill.
I feel so helpless when talking about the economy. I don't know what to do to fix it. I don't really pray. I have my doubts about God, but, I prayed today.
I prayed that "round two" doesn't really come. I lit a candle, and did my best to remember all of those awful prayers forced into my head as a young child. I prayed that everything works out, and that all you gentlemen out there makes lots of money and are financially stable. If you gentlemen do well, then I know that the prosperity will trickle downwards. You will be able to afford "luxuries" like the hobby.
If I didn't know better about the true source, I'd say that this is giving me an ulcer.
Anyone else having an upset stomach over the forecast?