Jobs, jobs, jobs, right? As Bishop Fisher said, a casino rather than being a jobs generator is a jobs vacuum-cleaner, closing down local businesses everywhere they open. Here is an excerpt from the U.S. International Gambling Report (p. 328):
In 2007, economists reported that net job losses occurred from government-sanctioned gambling because the gambling transferred consumer dollars into gambling facilities resulting in a new decrease in jobs in the overall economy. The 2007 average net income per year for each electronic gambling device/slot machine was $100,000-which was $300,000 in lost consumer spending.
In 2007, economists reported that net job losses occurred from government-sanctioned gambling because the gambling transferred consumer dollars into gambling facilities resulting in a new decrease in jobs in the overall economy. The 2007 average net income per year for each electronic gambling device/slot machine was $100,000-which was $300,000 in lost consumer spending.
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