Prevailing market wisdom says gays are less affected by economic downturns than heterosexuals. But how wise is that wisdom?
Dressed in jeans and a zip-up sweater and with his phone buzzing with text messages, Leo is like any 25-year-old New Yorker. Except he’s a refugee, spirited out of Baghdad this winter.
Marvin Reguindin, president and creative director of Thinking Cap Communications and Design, a multiservice marketing firm, has noticed a drop-off in business lately, mainly from his larger clients.
Silverstein, who has been in real estate for 14 years, says the current economic crisis has forced him to shift tactics to generate the same volume of deals.
Unemployed workers sometimes look to the sex industry as a quick and easy way to earn cash, though, meaning greater competition -- and lower prices.