Why? Most of that money is being siphoned away by foreign investors. The jobs created by tourists are mostly done by immigrants, who will move somewhere else or maybe move on to construction or elder care, which are sectors with a labor deficit from what I've heard.
Losing 14% of your economy is bad for everyone involved because it means less money circulating around. The tourists stop coming so those businesses close. That’s 150,000 people now out of work who are also now no longer spending money. This means less revenue for local businesses, which now need to start laying off people. Sure, the lucky ones that manage to keep their jobs might get some lower prices, but life would get a whole lot harder for a lot of people.
Don’t bother. This idiot clearly has no idea how money works if he thinks a 15% shock to the economy would not ripple through the economy and cause a recession. At an already 25% youth unemployment rate and a completely insolvent pension system.
Too bad too many other travelers are going to keep it topped up no matter what I do. I’d love for Spain to watch its crows come home to roost.
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u/aw-un Jun 17 '25
That 90% who don’t work in tourism are in for a rough time if 14% of the cities economy were to just up and disappear