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by jraby3 2029 days ago
I think it’s more complicated than that. While it does lead to higher rents, it also leads to more visitors and tourists who spend more at local establishments. Those places hire local people.

So there is an argument to be made that it helps with jobs, higher pay, and retail establishments in the area as well.
2 comments
someelephant 2029 days ago
This does appear to be a good argument on face however it's not guaranteed that tourists do in fact spend more at local establishments. Furthermore, is an economy boosted by tourism stronger or are there just a lot of low wage jobs available? These kinds of questions should be answered by rigorous study not economists or travel lobbyists.
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Ekaros 2029 days ago
How much greater the tourist spending is versus the spending from locals? Which were displaced. As those displaced locals won't be spending money any more at local businesses.
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