Waxing, like any hair removal method, can cause some temporary skin irritation, redness, or inflammation immediately after the treatment. However, when done properly and with proper aftercare, waxing does not generally loosen the skin over time. In fact, some people find that waxing can actually have a tightening effect on the skin, as the process of waxing removes the hair from the root, which can stimulate collagen production in the skin and promote skin firmness.