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Many of these articles are about tourist towns that have had an influx of new residents and/or increased seasonal populations (in this case Hood River, Oregon a
by hardtke 5y ago
Many of these articles are about tourist towns that have had an influx of new residents and/or increased seasonal populations (in this case Hood River, Oregon and Lake of the Ozarks). I read an identical article yesterday about Ketchum, Idaho and last week about Telluride, CO. In such cases, the problem is two fold. There has been an increase in the total need for workers to serve the additional residents and visitors. At the same time, the supply of worker housing has gone down (and prices up). Raising wages is not enough to balance supply and demand since the housing market does not adjust quickly enough. I sometimes wonder if these towns are economically sustainable -- wages can never rise quickly enough across all necessary occupations to establish equilibrium with the outside money forcing workers out.