"Mining is promoted as a way to boost local development. However, a study of some 100 rural communities in the United States between 1970 and 2000 that derived at least 20% of their labor income from mining found that they had done poorly compared to other rural counties. Mining counties had a slower growth in aggregate income, ranging, depending on the decade, from 25% to 60% slower than the national average for rural counties. Unemployment rates were significantly higher, sometimes three times higher. The boom-and-bust cycle and the short-term duration of many mines leave behind unemployed workers, often with only basic skills not competitive in other job markets. The slower economic growth, lower incomes, and higher unemployment rates are accompanied by slower population growth." Sounds like an awesome thing to bring to Kamloops...
Posted on: Mon, 07 Oct 2013 05:42:30 +0000
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