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Thread: WTF has happend???

  1. #51
    God/dess simone87's Avatar
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    Default Re: WTF has happend???

    100 a night? if things ever get that bad..wow. why even dance if you earn that little?? 250 is a bad night!

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    Default Re: WTF has happend???

    Quote Originally Posted by melany View Post
    A blog of a former strip club manager has this from a female reader...
    Please post a link to the blog. I'd love to read it.
    Quote Originally Posted by Jay12 View Post
    ^What Sophia said.
    Quote Originally Posted by yoda57us View Post
    I wish there was an "auto-like" setting that I could just have applied to all of your posts Sophia....

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    Default Re: WTF has happend???

    I'd like to add, I don't know much about the strip clubs, (other than what I read here, still in process of applying) it's a parallel situation in the 'vanilla'/regular jobs too..doing much more for the same amount (usually less)..


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    Default Re: WTF has happend???

    ^^^ good observation, Whirlerz. In both cases, the same two major factors are in play.

    The first is the fact that the income level of 'middle class' Americans is not rising ... while the costs of 'necessary' items like food, energy, taxes, insurance etc. ARE rising. This essentially forces 'middle class' consumers to spend less money on items that aren't 'necessary', from lap dances to restaurant meals to vacations to big screen TV's. Less money being spent on these items means less profits / earnings potential for people who are involved in the sale of these goods and services.

    The second is that US 'labor' ... from exotic dancers to checkout clerks to waitstaff ... has zero 'leverage' with employers. As long as there are 5-10-50 other workers applying to fill every job opening, there is zero reason for employers to increase worker pay / earnings levels. And that is especially true for businesses whose profitability is also suffering ( due to the above reduced consumer spending plus the above rising costs of 'necessary' items to operate the business ), who are then prompted to require more 'production' out of their workers for the same amount of 'pay'.

    Also, your analogy does hold true for the 'upper echelon' as well. The top 1-5-10% of Americans net earnings are higher than ever ... thanks in large part to the fact that gov't money printing boosts stock markets ( with the top 1-5-10% of American earners owning the lion's share of stocks ). Thus Ferrari dealerships, super upscale retailers like Tiffany, and upscale big city strip clubs, are all seeing increased customer spending / earnings. The problem of course is that the Ferrari dealerships, Tiffany, and upscale big city strip clubs can hand pick a tiny number of new workers based on their having 'best of the best' attributes ... which of course means that 90%+ of 'would be' Ferrari or Tiffany salespersons or upscale big city strip club dancers wind up being 'locked out' of those potential major league earnings.
    Last edited by Melonie; 10-23-2013 at 09:49 AM.

  8. #55
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    Default Re: WTF has happend???

    Quote Originally Posted by Sophia_Starina View Post
    Please post a link to the blog. I'd love to read it.
    It's the Strip Club Hound: http://stripclubhound.blogspot.com/

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    Default Re: WTF has happend???

    Quote Originally Posted by melany View Post
    It's the Strip Club Hound: http://stripclubhound.blogspot.com/
    Thank you so much.
    Quote Originally Posted by Jay12 View Post
    ^What Sophia said.
    Quote Originally Posted by yoda57us View Post
    I wish there was an "auto-like" setting that I could just have applied to all of your posts Sophia....

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    Default Re: WTF has happend???

    I really think there are only 3 types of dancers that make sense these days. There's just no point/no money IMO otherwise:

    1.) A girl who is stripping through school and would be working a minimum wage job anyway. At least dancing is flexible around her schedule
    2.) A girl who is okay with not making a lot but really has her life settled where she currently lives and dances. Maybe she has kids or just never plans to move, and loves her dancing coworkers at her club so at least its fun
    3.) A girl who is serious about dancing and travels after the money. That probably means traveling every 2-4 months somewhere new to chase that place's season

    The problem is, while #3 is ideal IMO, its not practical for most people. And therein lies the problem.


    The issue with strip clubs IMO is that they lack... substance. Whereas the internet allows access to all sorts of new things & experiences with porn and escorts and stuff. All these fetishes. All these different types of girls that would not get hired at top tier clubs, because top tier clubs are stuck on the outdated 90s stereotype of tan, blonde, and big fake tits. Its not a BAD stereotype per se, but it is definitely outdated as fuck, and this is even showing now IMO with the lack of strip club foot traffic and spenders.

    Don't kill me, but I also think that the standard escort rates being so low these days has also played into strip club spending decline. Isn't $200-$300/hour the standard escort rate now? That gets you almost nothing in a strip club. Not even a full hour of time in a champagne room in most places. I'm trying to think from a man's perspective... why pay $300+ for a 1 hour champagne room when you could hire an escort for 1 hour who will come to your house or hotel AND have sex with you? Its typically women who are more into the sensuality, men tend to want blatant sexuality.

    The only way I see strip clubs succeeding in the future is if they try to push stage performance. And by that I mean gimmicks and talents... burlesque, fetish, ballet?, all performance art.

  12. #58
    God/dess miss.a.p1600's Avatar
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    Default Re: WTF has happend???

    This is a helpful thread.

    Definitely something new dancers should know about the current economics in this industry. Maybe it could help turn things around.

    All I heard when I first started dancing was how much money girls used to make before the decline and how everybody has to adjust to stay in business. From the dancer view and from the customer view. The dancers that don't adjust either quit, get work elsewhere, or move to greener club

    My inside source who helped me get started tells me a couple hundred is possible and I wonder what the reality and what it takes to earn decent money. but what took me so long to figure out is basically what you all have explained in the thread. - I wish I would have read something like this earlier but oh well I guess im reading it now for a reason.

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  14. #59
    Banned Melonie's Avatar
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    Default Re: WTF has happend???

    I really think there are only 3 types of dancers that make sense these days. There's just no point/no money IMO otherwise:

    1.) A girl who is stripping through school and would be working a minimum wage job anyway. At least dancing is flexible around her schedule
    2.) A girl who is okay with not making a lot but really has her life settled where she currently lives and dances. Maybe she has kids or just never plans to move, and loves her dancing coworkers at her club so at least its fun
    3.) A girl who is serious about dancing and travels after the money. That probably means traveling every 2-4 months somewhere new to chase that place's season

    I feel obligated to point out that, in your #1 case of college student dancers, you left out a significant present day factor. That factor is the possibility that a personal history of 'stripping' may wind up limiting the girl's job / earnings opportunities after she graduates ... thanks to ObamaCare's mandatory 1099 income reports to the IRS, among other possibilities. While this risk factor may be acceptable at a $500+ per night earnings level, it becomes less and less acceptable the closer the actual dancer earnings level falls towards the earnings levels available by bartending, waitressing, etc. ( which involve no such future risk ).


    I also think that the standard escort rates being so low these days has also played into strip club spending decline. Isn't $200-$300/hour the standard escort rate now? That gets you almost nothing in a strip club. Not even a full hour of time in a champagne room in most places. I'm trying to think from a man's perspective... why pay $300+ for a 1 hour champagne room when you could hire an escort for 1 hour who will come to your house or hotel AND have sex with you?
    Arguably, this 'change' now reaches much farther ... from


    {snip)The issue: young people in Japan just don't want or have any interest, in commitment to the other sex, nor do they seem to have any interest in procreating in a narrow sense, or sex in a broad one (a topic further pursued in "Why have young people in Japan stopped having sex"). In short:

    •50% of Japanese women 18-34 are single
    •More than 60% of Japanese men 18-34 are single

    Whether it is the women's fault, described as "so infatuated with their careers that work trumps a boyfriend or husband", or men "a generation obsessed with virtual reality and so intimidated by real women that they prefer cyber girlfriends over real relationships" is unknown, and irrelevant. There is another angle.

    As this documentary from Vice investigates, "sex sells and the Japanese are buying." The reason: Japan has a "seemingly infinite menu of relationship replacement services." And who really needs the hassle of a steady significant other when on one hand the gamma radiation levels keep creeping higher and higher by the day meaning the threat of a random mutant appendage emerging is no longer negligible, and on the other Abenomics is making everyone feel wealthier, even as everyone actual purchasing power implodes, leaving everyone but the 0.1% broke and starving.

    Has Japanese society crossed the Rubicon into full devolution (and after watching the video below you will understand why), where cheap single-serving sexual thrills and intimacy replacement have overtaken the household unit as the hub of society?

    The reality is that unless something drastically changes between the demographic singularity the country is rapidly headed toward, the Fukushima disaster which hits new spilled radioactivity records on a daily basis, and the emotional detachment that the locals (don't) feel toward each other, in a few years none of this will matter.

    Worst of all: Japan is merely the test tube baby, pardon the pun, for the rest of the insolvent "developed" world. What happens in Japan, is coming to a broke centrally-planned country near you."(snip)


    'Relationship Replacement Services' indeed. The author's point of course is that the prolonged poor economic conditions for young people, from very few high paying new jobs, to large amounts of student loan debt, to tightening creditworthiness standards, to reduced purchasing power of paper currencies, has already precipitated a fundamental change in the way that young Japanese view their personal futures. One aspect of that fundamental change is that Japanese young people no longer view the traditional career / marriage / home / children social model as a realistic possibility.

    As such, past practices intended to move young people along that path i.e. dating, relationships etc. are being abandoned in favor of 'relationship replacement services'. And strip clubs, or at least strip clubs that do not also provide 'sex for money', don't fill that need. Well, there's an exception to that ... guys who come to strip clubs to sit, talk and solicit OTC contact, all the while not buying private dances or VIP's ... which obviously doesn't help out dancer earnings potential very much !!!

    America and western Europe aren't as far along the financial path as Japan ( which had a 10 year 'head start' ), but they're definitely moving in the same direction.
    Last edited by Melonie; 10-24-2013 at 09:18 AM.

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    Default Re: WTF has happend???

    also, Ill throw out this bit of economic / demographic reality ...





    ... which clearly shows that the only age group of Americans where jobs are actually being added is 55 and over. Unfortunately for dancers ( and camgirls ), 55+ year olds only make up a small sliver of the traditional customer base.

    Of course, something that the bar chart doesn't show is that a fair number of the 55+ year old Americans who ARE finding jobs are actually working part time for comparatively low pay rates ! Or put another way, retirees who have run out of money are being forced back to work as WalMart greeters ! As such, odds are that there won't be a whole lot of additional 55+ year olds dropping a bunch of cash at strip clubs or on webcams.

    Among those Americans aged 20 through 54, who make up the lion's share of the strip club and webcam customer base, jobs continue to be lost ... with the worst job losses being in the 20-24 age group which often makes up a disproportionately large share of the strip club customer base. This does not bode well for the economic future of mid-level strip clubs or for the dancers working in them.
    Last edited by Melonie; 10-24-2013 at 09:15 AM.

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    God/dess simone87's Avatar
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    Default Re: WTF has happend???

    ^ i always thought the older guys were the ones who usually came into strip clubs, maybe its just my customers base..i don't bother with 20-24 year olds at all, plus most of them don't need to pay to see a chick naked at that age.

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    Default Re: WTF has happend???

    Quote Originally Posted by simone87 View Post
    i don't bother with 20-24 year olds at all, plus most of them don't need to pay to see a chick naked at that age.
    THAT THAT THAT x a million.

    The ONLY time I have ever seen a 20-24 year old spend money was on a "novelty" trip, and then it was like 1 dance per guy just to say they did it. I think this is even magnified by the fact that I have only danced within a 10 mile radius from a giant party school where they probably bang a different girl every weekend and girls dance half naked on poles in bars for free.

    The older guys are a better demographic for me as they are good to sit and talk with, and are generally more polite.
    "People jack off with the left hand and point with the right."

    "You can check out any time you like, but you can never leave."

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    Default Re: WTF has happend???

    ^^^ actually, where guys 20-24 are concerned, this group sometimes makes up a significant percentage of particular strip club customer base i.e. clubs near military bases or clubs near heavy industries. But the point about guys age 20-24 having major problems finding decent paying jobs was also aimed toward the future ... where an ongoing lack of job opportunity / experience will likely result in many of these guys still being 'broke' 10 years from now.

    As to club customers in the 55+ age group being 'major' strip club spenders, that's actually true in specific cases ... but usually targeted within the 'upscale' big city strip club sector. Thus while many SW dancers are able to 'cash in' on this strip club customer demographic, in overall terms, lots of dancers either don't live near enough to big cities to take advantage of 'upscale' strip club customer base, or ( for better or worse ) lots of dancers aren't able to 'make the cut' to be hired by an 'upscale' strip club.

    And, as pointed out by the bar graph, most of the new jobs being found by guys age 55+ are NOT the high paying career positions that allow for 'major' strip club spending. Instead they are part time near minimum wage jobs that make the difference between the formerly retired guy eating hamburger versus hamburger helper, with lap dances and VIP's not falling anywhere within their budgets !
    Last edited by Melonie; 10-24-2013 at 11:21 AM.

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    Default Re: WTF has happend???

    This is the thread I was looking for! It only took me like 4 months to find! lol
    The only way to get rid of a temptation is to indulge in it...


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    Default Re: WTF has happend???

    Quote Originally Posted by tempest666 View Post
    No we're not going to recover. This industry is dying a slow death. Go in, make your money and always have an exit plan. We are going to crash the same way the Roman empire did.
    T--Thats just it..some of us dont have a great exit plan..So it sucks to be us..Ur smart and ur right about the dancing industry dying a slow death.

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    Default Re: WTF has happend???

    Quote Originally Posted by Melonie View Post
    ^^^ actually, where guys 20-24 are concerned, this group sometimes makes up a significant percentage of particular strip club customer base i.e. clubs near military bases or clubs near heavy industries. But the point about guys age 20-24 having major problems finding decent paying jobs was also aimed toward the future ... where an ongoing lack of job opportunity / experience will likely result in many of these guys still being 'broke' 10 years from now.

    As to club customers in the 55+ age group being 'major' strip club spenders, that's actually true in specific cases ... but usually targeted within the 'upscale' big city strip club sector. Thus while many SW dancers are able to 'cash in' on this strip club customer demographic, in overall terms, lots of dancers either don't live near enough to big cities to take advantage of 'upscale' strip club customer base, or ( for better or worse ) lots of dancers aren't able to 'make the cut' to be hired by an 'upscale' strip club.

    And, as pointed out by the bar graph, most of the new jobs being found by guys age 55+ are NOT the high paying career positions that allow for 'major' strip club spending. Instead they are part time near minimum wage jobs that make the difference between the formerly retired guy eating hamburger versus hamburger helper, with lap dances and VIP's not falling anywhere within their budgets !
    This is the problem with my town..And the young guys 20-24 usually overlook and more experienced dancers and talk to/tip the young 19 yr old dancer instead..Its very hard to find SCs in my town who appreciate the older, wiser dancers..And I just dont have the patience to deal with guys who want to be cheap and grope..My patience is shot with assholes.

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    Default Re: WTF has happend???

    I know I know nothing lol but what about the places with guys that have the most disposable income? I've looked up those places and they have money to burn but it doesn't mean they go to strip clubs though
    The only way to get rid of a temptation is to indulge in it...


    ~I have no roots. I stay away from groups and communities. I wander, an itinerant lone wolf. I have nowhere to go back to. I either burn the bridges or keep walking. I never look back. I detach and vanish. In my mind, I am not human. I am a machine at the service of a madman that snatched my body and invaded my being when I was very young~




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    Default Re: WTF has happend???

    Camming is pretty good money if you do it well and it's getting really, really big. I see these girls getting tipped hundreds every night, I've seen more 500 and 1000 dollar tips on cam than I've ever seen tipped ITC.

    Evolve with the times. Lots of guys spend money in strip clubs today, you just gotta be picky with you you dance for, I find. I refuse to dance/ talk to anyone who doesn't treat me with the respect I deserve, therefore I attract mostly respectful customers. Not all of them are perfect gentlemen, but all of them mind when I say no or I won't see them. Stripping needs a serious makeover. It needs to evolve. This is no longer the 80's/90's when girls where banking soooo hard every night. It needs an upgrade. The internet is the new thing of the day and I'm sorry, but it's 2014, if you are ashamed of your job/ worry about what others think of you working in this industry/ are afraid others might find out, this is not the arena for you. There need to be new standards for hiring in strip clubs all across the board, who is allowed in, webcams in clubs, schedules of dancers online, totally revamped websites etc. Nothing will ever beat meeting a woman face to face for some men and those men will spend bank. Stripping needs something to spice it up, I don't have all the answers, but it can't remain the way it is and continue to be successful.

    My club recently put in ad in a local Mexican magazine, attracting more cheap ass rancheros with no money to spend and rampant expectation of extras/ sex/ titty licking/ haggling. It increased the clubs' drink sales, but did pretty much nothing for the dancers except piss us off and make our club look like a place where cheap asses come for a free show. I gave this guy a dance and asked for a tip after and he handed me a dollar... ONE DOLLAR. Lol... If you want people to come into the club and spend MONEY, go for QUALITY, not quantity. The club I work at has become a bikini bar where naked girls happen to do pole tricks and if you tip a dollar, they will grind on you and you can stick your finger in their ass. /sarcasm

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    Default Re: WTF has happend???

    ^^^^^ Exactly

    I think...and this is the problem is that due to the crappy economy, club owners are trying to just get people in the doors and more girls to work so they can make money. The sad thing is, that a lot of these guys are already making a lot of money even though the economy is crap. They get greedy, want to make it the neighborhood hang out, and start treating us as if we're employees. lol. My last club was like that, which is why I left. It was a very nice and upscale club, had great girls (not the hottest but for the area they were all about say 7-8's and more girl next door types). This wasn't a huge city either. Within several years I saw the quality of dancers decline, and the club being catered to a younger crowd. Tons of women would always come in just to hang out as well. I know the club makes TONS of money, even though it's not as it had been). It's changed drastically in just a year in a half where i could make 400-500 dollars on a Tues night. It got to the point where I could barely hit $200.

    Honestly, I think the party girl strippers don't help as well. They treat the job as a hobby and guys think they can get away with spending a few dollars. I know the club I'm at now has some extras, but according to the bouncers it just happens once in a while, and usually the girl is getting paid quite well for it. I honestly think the industry needs to become unionized. I think girls should actually have interviews instead of just stripping down during "auditions", which was basically my last one. I think we should get paid just like a server or bartender. I'm sick of seeing ugly bitches at high class joints and guys thinking they're entitled to more for their money. I think it needs to go back to what it was and be about entertainment and enjoying time with nice, hot girls instead of being whore houses. I also think that more dancers should learn pole work (working on it at the moment), have a kind of gimmick, instead of some dead faced looking girl half assed dancing on stage. Being paid employees would stop all that half-assedness.

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    Default Re: WTF has happend???

    Quote Originally Posted by xcatxbrownx View Post
    I see these girls getting tipped hundreds every night, I've seen more 500 and 1000 dollar tips on cam than I've ever seen tipped ITC.
    That is probably .05% of cam girls, who are getting tipped that kind of money on the regular. Though its possible. But many have been camming for years with a large roster of regulars.

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    Default Re: WTF has happend???

    Quote Originally Posted by simone87 View Post
    100 a night? if things ever get that bad..wow. why even dance if you earn that little?? 250 is a bad night!
    Right! Lol. A girl who I grew up with dances and she probably doesn't even average $100 a night... she regularly leaves the club with like $20 after a full shift. When she makes in the $150 range she calls it a solid night. And it's not just the clubs, because we've worked at the same clubs where I make good money. She finally just got a new job at a retail store. It's minimum wage but must be better than getting topless all night for less than minimum wage! She danced for almost 2 years, idk how someone could do that bad and stick with it. She was always at least a month behind on her rent!
    "Rather have my feet hurting than my pockets."

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    Default Re: WTF has happend???

    Why would a guy spend more on cam then at a strip club? Also i know the economy isnt going well for middle class families and new graduates w/ limited degrees and no expereince but I know guys are making money. guys in the cities with the most money to burn have over 40,000 left over after taxes at the end of the yr and they live in the most expensive cities. I guess they just don't like strip clubs?
    The only way to get rid of a temptation is to indulge in it...


    ~I have no roots. I stay away from groups and communities. I wander, an itinerant lone wolf. I have nowhere to go back to. I either burn the bridges or keep walking. I never look back. I detach and vanish. In my mind, I am not human. I am a machine at the service of a madman that snatched my body and invaded my being when I was very young~




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    Default Re: WTF has happend???

    I was reading about these strippers making like $1000-2000 on average a night in a podunk town in either SD or ND becuz of the oil industry providing jobs during this recession
    The only way to get rid of a temptation is to indulge in it...


    ~I have no roots. I stay away from groups and communities. I wander, an itinerant lone wolf. I have nowhere to go back to. I either burn the bridges or keep walking. I never look back. I detach and vanish. In my mind, I am not human. I am a machine at the service of a madman that snatched my body and invaded my being when I was very young~




  34. The Following User Says Thank You to she wolf For This Useful Post:


  35. #74
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    Default Re: WTF has happend???

    Quote Originally Posted by she wolf View Post
    Why would a guy spend more on cam then at a strip club?
    It definitely happens a lot. Because they can get their exact fetish fulfilled online and its 100% discreet with a massive roster of girls to choose from unlike ITC. In neither case are they having sex with the girl, so I don't think its really that different.

  36. #75
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    Default Re: WTF has happend???

    I finally found some documented facts to respond the the Vegas based OP !!! From


    (snip)MYFOXNY.COM - With the closure of the recent Atlantic Club Casino Hotel, rumors of the bankrupt Revel being sold to Hard Rock, more than half of the mortgages in Las Vegas under water, casinos opening up all around the country and online gambling legislation underway in various states, it seems as if the reasons for the very existence of Atlantic City and Las Vegas are in serious jeopardy.

    Beginning in the late 1940s, Las Vegas became known as the 'adult playground of the world.' Celebrities knew they made the big time when their names graced the billboards of ‘Sin City.’ Gamblers hoping to make money would flock there all year and families looking for a nice getaway would enjoy relaxing by the extravagant swimming pools under the hot desert sun, seeing the various shows and concerts, and whenever possible, sneaking away to the blackjack tables while their kids slept.

    It was paradise.

    On the other hand, Atlantic City, once a major vacation spot during the roaring 20s and 1930s, as seen on HBOs Boardwalk Empire, collapsed when cheap air fare became the norm and people had no reason to head to the many beach town resorts on the East Coast. Within a few decades, the city, known for being an ‘oasis of sin’ during the prohibition era, fell into serious decline and dilapidation.

    New Jersey officials felt the only way to bring Atlantic City back from the brink of disaster would be to legalize gambling. Atlantic City’s first casino, Resorts, first opened its doors in 1978. People stood shoulder to shoulder, packed into the hotel as gambling officially made its way to the East Coast. Folks in the East Coast didn't have to make a special trip all the way to Vegas in order to enjoy some craps, slots, roulette and more.

    As time wore on, Atlantic City and Las Vegas became the premier gambling spots in the country.

    While detractors felt that the area still remained poor and dilapidated, officials were quick to point out that the casinos didn't bring the mass gentrification to Atlantic City as much as they hoped but the billions of dollars in revenue and thousands of jobs for the surrounding communities was well worth it.

    Atlantic City developed a reputation as more of a short-stay ‘day-cation’ type of place, yet managed to stand firm against the 'adult playground' and 'entertainment capital of the world' Las Vegas.

    Through-out the 1980s and 1990s, these two places would become an integral part of American pop culture as the place to gamble and have fun no matter which coast you lived at.

    However in the late 1980s, a landmark ruling considered Native-American reservations to be sovereign entities not bound by state law. It was the first potential threat to the iron grip Atlantic City and Vegas had on the gambling and entertainment industry.

    Huge 'mega casinos' were built on reservations that rivaled Atlantic City and Vegas. In turn, Vegas built even more impressive casinos.

    Atlantic City, inbranded themselves.

    It seemed as if the bite that the Native American casinos took out of AC and Vegas’ profits was negligible and that the dominance of those two cities in the world of gambling would remain unchallenged.

    Then Macau, formally a colony of Portugal, was handed back to the Chinese in 1999. The gambling industry there had been operated under a government-issued monopoly license by Stanley Ho's Sociedade de Turismo e Diversões de Macau. The monopoly was ended in 2002 and several casino owners from Las Vegas attempted to enter the market.

    Under the one country, two systems policy, the territory remained virtually unchanged aside from mega casinos popping up everywhere. All the rich ‘whales’ from the far east had no reason anymore to go to Las Vegas to spend their money.

    Then came their biggest threat.

    As revenue from dog and horse racing tracks around the United States dried up, government officials needed a way to bring back jobs and revitalize the surrounding communities. Slot machines in race tracks started in Iowa in 1994 but took off in 2004 when Pennsylvania introduced ‘Racinos’ in an effort to reduce property taxes for the state and to help depressed areas bounce back.

    As of 2013, racinos are legal in ten states: Delaware, Louisiana, Maine, New Mexico, New York, Ohio, Oklahoma, Pennsylvania, Rhode Island, and West Virginia

    Tracks like Delaware Park and West Virginia's Mountaineer Park, once considered places where local degenerates bet on broken-down nags in claiming races, are now among the wealthiest tracks around, with the best races.

    The famous Aqueduct race track in Queens, NY, once facing an uncertain future, now possesses the most profitable casino in the United States.

    From June 2012 to June 2013, Aqueduct matched a quarter of Atlantic City's total gaming revenue from its dozen casinos: $729.2 million compared with A.C.'s $2.9 billion. It has taken an estimated 15 percent hit on New Jersey casino revenue and climbing.

    And it isn't just Aqueduct that's taking business away from them. Atlantic City's closest major city, Philadelphia, only 35-40 minutes away, and one of the largest cities in America, now has a casino that has contributed heavily to the decline in gamers visiting the area.

    The situation in Vegas isn't much better. The Great Recession of the late 2000s hit Las Vegas hard. As the recession wore on, and as gambling received approval in various jurisdictions throughout the United States, folks realized they didn't need to travel thousands of miles just to gamble.

    Casino revenues and the price of real estate plummeted. Unemployment went as high as 14 percent, however unofficially, local officials said it may have been as high as 30 percent.

    More than half of all home owners with a mortgage in the entire state of Nevada owe more than their homes are worth.

    One local bought his condo in 2006 for $209,000, and as of 2012 it was worth barely $60,000.

    However, in mid 2013 housing prices started to bounce back in what many are calling a new bubble.


    But according to Bloomberg.com this so-called bubble is simply from banks completing their foreclosures and holding onto inventory. The increased value of properties has been attracting various investors and speculators, which is helping fuel this latest rise in real estate prices.
    Experts say once banks start releasing the foreclosed homes into the market to start selling them, the prices may begin to get depressed again.

    In Las Vegas alone, more than half of properties with mortgages are still underwater, or worth less than the loans against them, according to Zillow Inc., a real estate data firm.
    Trendy hotels like SLS Las Vegas are set to open in 2014, in an effort to reinvent the city as purely an entertainment paradise.

    One local said “The reality is, people just won’t fly to the middle of a desert to play some slots, watch shows and sit down for some blackjack when they can drive right near their town or city, or play legally online.”

    And now it looks like the feds may soon allow online gambling across the United States.

    Last May, the American Gaming Association called on Congress to enact federal legislation that would allow states to license and regulate online poker so Americans who play can do so safely using responsible, law-abiding operators. The Department of Justice made a decision that the Federal Wire Act only prohibits the transmission of communications relative to bets or wagers on sporting events or contests. It also clarifies that intrastate lottery tickets sold online are legal, so long as the lottery games do not involve sport wagering, even if the transmission crosses state lines.

    Officials say this has opened up the possibility that online gambling may get approved on a federal level.

    New Jersey is the third state in the U.S. to have authorized internet gambling. However, these online casinos are owned and controlled by Atlantic City casinos in an effort to boost profits in the face of fierce competition.

    California, Hawaii, Illinois, Iowa, Massachusetts, Mississippi, Pennsylvania and Texas are hoping to join Delaware, Nevada, New Jersey and the U.S. Virgin Islands in offering online gambling to their residents.

    Nevada also enacted modifications to their internet gambling law to allow for interstate compacts, among other provisions in hopes to draw higher stakes jackpots, similar to the Mega Millions and Power Ball lottery games that are played in multiple states.

    With this in mind, it seems the niche that Las Vegas and Atlantic City once offered as a gambling and entertainment hub is heading toward the dustbin of history.

    Time will tell if these two cities will end up like Detroit. However, the fact that they are losing their biggest industries to major competition, much like Detroit did, with depressed housing, casinos bankrupting/closing and businesses fleeing, makes their fate seem eerily similar. "(snip)

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