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 require accounting, cards, and security. If the casino 메이저놀이터relocates 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 are 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 wagers will be returned to players in winnings, leaving the casino with $26 billion in adjusted annual revenue.
Casino revenues
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. In comparison, the Missouri and Illinois Riverboat casinos generated more than $1 billion and $1.8 billion in adjusted gross revenue in 2001.
The casino 메이저놀이터 industry and local governments are using economic development to promote casino gambling to citizens. However, it is still unclear how much the introduction and development of commercial casinos in specific areas will promote economic development. What are the perceived benefits of the problem?
Why should you work?
Casino proponents often cite the decline in local unemployment after casinos as evidence that casinos improve local employment. Since the area’s unemployment rate decreased after the casino’s introduction, the casino helped reduce the unemployment rate in the area. Maybe. We need to simultaneously compare changes in local unemployment rates with statewide changes. Suppose the changes are more or less the same. In that case, the increase in employment in casino areas may result from natural economic cycles (business fluctuations in other sectors) rather than the effects of casino introduction. 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 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. Other factors, such as demographic changes and local business conditions, need to be considered when comparing local unemployment rates before and after casino openings. Looking at the time difference in regional unemployment rates alone with understanding demographics and statewide business cycles can give the right picture of the employment effects of casinos.
