Prostitution In Chicago: Starting Wage $27 Per Hour

Female residents of The Second City have a tremendous Official seal of City of Chicagooccupational opportunity, with earnings of up to $20,000 per year. The job: prostitution. This according to a recent paper by Professor Steve Levitt, the coauthor of Freakonomics. The paper details the economics of prostitution in Chicago. The author’s approach, along with his coauthor Sudhir A. Venkatesh, to the subject is as compelling and elucidative as his investigation into the economics of crack-cocaine dealers, which is covered in the extraordinarily interesting book Freakonomics.

The authors finds, inter alia, that street prostitution yields an average wage of $27 per hour. But before making a momentous career change – this is directed at you ABC – there are a number of disadvantages to the sex trade. For example,

For prostitutes who do not work with pimps (and thus are working the streets), roughly three percent of all their tricks are freebies given to police. Continue reading