In many of those areas, there isn’t any other real industry.
And this is the crux of the issue people have with tourist towns as well. Tourism as an industry drives up CoL through inflated property values and increased prices for basic essentials but is a low wage industry.
An economy needs money to flow, but you need more than a low wage industry for a healthy area. Otherwise, you’ve basically just reinvented serfdom with a different product.
And this is the crux of the issue people have with tourist towns as well. Tourism as an industry drives up CoL through inflated property values and increased prices for basic essentials but is a low wage industry.
An economy needs money to flow, but you need more than a low wage industry for a healthy area. Otherwise, you’ve basically just reinvented serfdom with a different product.