Friday, December 10, 2004

Hurricanes An Advantage For Florida Economy?

In a recent article the question was brought up of whether the hurricanes helped the economy in Florida. Is this even a possibility? Regrowth and new job opportunities are obvious advantages to a disaster such as a hurricane. Could these possibly outway the costs of a hurricane? In most cases the loss is going to be overwhelming compared to the very marginal benefits afterward. In Florida's case they talk about construction jobs mainly and how the huge increase in the number of construction jobs will help to balance the economy after the hurricanes. Do you think the increase in construction jobs could possibly balance the loss in the economy from the hurricanes?

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