The Economics of Pimping

Pimping has a certain allure in pop culture. Rappers and Hollywood moguls help to give a very dirty business a sanitary sheen. There is incentive for them to do this. There is no question that sex sells. As a good it has very few ,if any, substitutes and complementary goods are many so there is potential for upsell.
Essentially, the ho performs a service and the pimp collects the payment. If we are liberal in our possible definitions of service and payments we see that there are a far greater number of pimps and hos than we might first speculate. Indeed it would seem that pimps have there hands in far more than the sex pot.
Key Points
1. Pimping ain't easy. There is significant risk for uncertain return.
2. All workers have pimps. Since Profits are unpaid wages to workers.
3. Some of the most prolific pimping takes place in boardrooms.
4. Human capital is the background of any economy.
5. A Pimp understands that wealth is a product of a (wo)man's capacity to think.
Pimping is often thought to consist simply of sexual commerce relegated to the underground economy. In reality, Pimping is a far more auspicious and penetrating subject matter upon which to meditate. Slick dressed Pimps and dolled up whores are but the tip of the iceberg of a phenomenon that represents itself throughout the human economic universe. This is because at it's essence Pimping contains within it the metaphysical secrets of wealth creation. Metaphysical because the pimp works his mind and not his body, the pimp has someone else perform the physical labor. The benefit of this is that the body's strength may be preserved while the mind is exercised.
Marshall McLuhan (and others before him) note that all things that man creates are but extensions of himself. That the fashioning of a knot or a skyscraper originates in the mind of man and in a very important but unquantifiable way remains a part of him.
So does pimping originate in the mind of man and is a part of him. As we shall see Pimping can be rationalized but it is, like any art, ultimately intuitive.
Sex sells due to an idea. That idea is to increase Net Present Value. The Pimp has that idea. It originates in his mind. He then combines that idea with his tongue to manifest the physical creation of his mental vision. Like lawyers, economists and journalists Pimps need the gift of gab to succeed. They have to be rhetorically persuasive.
The hos (workers) are drawn by that idea. They are mesmerized by the Pimps propaganda. In particular they are attracted by a vibration that the pimp gives off. Different Pimps have different vibratory levels, as do Hos. When these vibrations resonate, click so to speak, a pimp and ho relationship is formed.
It is most certainly an exploitative relationship. It differs from slavery in that it is consensual. Pimps don't collect rent because (as much as they might want the ho believe it) they don't own hoes. Hos leave pimps for any number of reasons.
Make no mistake, a Pimps heart is cold. There is no room for caring or compassion in what is sometimes reffered to as "the game." That ultimately is why most people don't become pimps but find themselves laboring as hos.