The basic idea of job growth is that a locally derived workforce is needed to operate a casino. As a result, the unemployment rate in the area will fall. But the question is not whether casinos will reduce unemployment, but who the unemployment is. Most of the jobs at casino 토사이트 require accounting, cards, and security. If the casino 메이저놀이터 relocates to a less skilled area, it will likely attract a highly skilled workforce from outside the area. If this workforce stays outside the region and workers commute to the casino, the region’s unemployment rate does not change.
Need for skills
On the other hand, if some skilled workers move to nearby casinos, the local unemployment rate (unemployed / working population) will fall by the same amount as the working population increases. This decline in unemployment is often seen as evidence that casinos have improved local employment. However, it should be recognized that the unemployment rate for unskilled workers and those originally employed by Casino TOTO is about the same. It is these new entrants that have lowered the unemployment rate.
The main lesson about casinos and their impact on local unemployment is that casinos are declining. The amount of money to bet at American corporate casinos is not trivial. Over $370 billion was wagered in 2000 alone. That’s about $1,300 per American. Nearly 93% of annual wagering is returned to players in winnings, leaving the casino with $26 billion in adjusted annual revenue.
Casino earnings
However, casino revenues vary greatly from state to state. Nevada is the largest market, with casinos generating about $9.5 billion in adjusted gross revenue annually. The Atlantic City casino generated more than $4 billion in annual adjusted gross revenue, while the Missouri and Illinois Riverboat casinos generated more than $1 billion and $1.8 billion in adjusted gross revenue in 2001, respectively.
The casino 메이저놀이터 and local governments are using economic development to appeal to citizens about casino gambling, but it is still unclear how much economic development will be promoted by the introduction and growth of commercial casinos in specific areas. be. What benefits are perceived as problems?
Why should you work?
Casino proponents often cite the drop in local unemployment after casinos as evidence that casinos improve local employment. Since the unemployment rate in the area decreased after the introduction of the casino, the casino probably helped reduce the unemployment rate in the area. Maybe. We need to simultaneously compare changes in local unemployment rates with statewide changes. If the changes are more or less the same, it is possible that the increase in employment in casino areas is the result of natural business cycles (business fluctuations in other sectors) rather than the effects of casino introductions. Suppose that the decline in the unemployment rate after the introduction of casinos is locally greater than that of the state as a whole. In that case, the casino could be said to have lowered the local unemployment rate.
Main point
The key here is to compare changes in regional unemployment rates with changes in statewide unemployment rates. When comparing local unemployment rates before and after casino openings, other factors, such as demographic changes and local business conditions, need to be considered. Looking at regional unemployment rate differences over time without understanding demographics and statewide business cycles can give the wrong picture of the employment effects of casinos.