Part 10/14:
The once egalitarian ethos of Las Vegas, where the middle class and the middle ground thrived, appears to be fading. As the house moves toward exclusivity and the middle class recedes, even the wealthy might find less incentive to visit if the energy and authenticity are diluted.
The Social and Economic Fallout
The decline affects more than just revenue figures. The industry’s struggles are felt in employment, with high unemployment rates persisting and industry workers facing layoffs. Dealer schools report drops in enrollment, indicating a future shortage of frontline workers.