| These days, Atlantic City is known as a gambling | | | | funds earned by the state from the casinos. In it, |
| town. That wouldn't be the case, though, if an | | | | there is a provision that two percent of casino |
| economic decline hadn't prompted officials to | | | | revenue must go to development and |
| legalize gambling in the city several years ago. | | | | improvements within the limits of Atlantic City. |
| Unfortunately, that move, which was designed to | | | | Unfortunately, although that was meant to |
| bring more money into the city and state, hasn't | | | | stimulate economic growth, it hasn't really been |
| done its job as well as officials had hoped. Jobs | | | | enough. The Mortgage And Economic Crisis: |
| Versus Wages: One of the problems with the | | | | Despite the construction of casinos in Atlantic City |
| casinos is that they don't pay their employees | | | | revenues aren't improving, especially in recent |
| well, for the most part. Casinos may contribute | | | | years. |
| 70 percent to the tax levy, but their employees | | | | A big reason for that is the mortgage crisis and |
| don't spend much in the city and support the | | | | the over all economic state of the country as a |
| economy much because they simply haven't | | | | whole. The bottom line is that people don't have |
| earned enough money to spend. | | | | as much money to spend, so the economy isn't |
| The New Jersey Casino Control Act And The | | | | growing. That means a major drop in tourism and |
| Lack Of Development: The New Jersey Casino | | | | in the Atlantic City job market. |
| Control Act was put into effect to help designate | | | | |