Why is waxing so expensive?

I've been noticing a significant rise in the cost of waxing services, and I'm curious to understand the reasons behind this trend. With the increasing demand for smooth, hair-free skin, why is the price of waxing continuing to climb? Is it due to the rising cost of supplies or labor? Or is it a matter of supply and demand, with the service becoming more of a luxury? Additionally, I'm interested in exploring whether there are any alternative methods that offer similar results but at a more affordable price. Could you provide some insight into the economic factors and possible alternatives that are driving the cost of waxing upward?