A "Help Wanted" sign hangs in the window of Gino's Pizza on Main Street in Patchogue, New York on August 24, 2021. Steve Pfost/Newsday RM/Getty Images The housing crisis and the labor shortage are linked. Fighting the former could help solve the latter. Numerous studies show that affordable housing improves job growth, while expensive housing can damage local economies. Investing in underserved neighborhoods and creating affordable housing in cities can boost hiring across the US. San Francisco could learn something from Columbus, Ohio.It's a fairly simple concept: Though the Bay Area boasts abundant jobs, housing for the people to fill those jobs isn't affordable.
Similar Stories to The Housing Crisis And The Labor Shortage Are Linked: People Can't Take Jobs If There Aren't Affordable Homes Nearby on Bing News
bwinck@businessinsider.com (Ben Winck,Madison Hoff), Business Insider
Sat, 10/23/2021 - 3:20am
Topics: help wanted gino's pizza main street patchogue august steve pfost/newsday rm/getty images numerous investing american dreamthe san francisco bay area christina stacy federal reserve bank boston metropolitan milwaukee harvard university us the california hawaii bureau labor statistics urban institute's stacy stacy new markets tax credit opportunity zone business new york san francisco columbus bay area urban institute stacy insider people jobs homes growth employment workers openings work neighborhoods low-income effects fill cities prices bidding brought trend study higher fighting return price needed one-unit city forced hubs losing
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