3) Lack of Employment Opportunities
Las Vegas has a single industry, and currently, that industry is in trouble. I read about a cattle call for a cocktail waitress opening a few months ago that drew nearly 500 applicants, and when 500 people are competing over a waitress job, you know that times are bad.
Perhaps the hotels will make a huge comeback, but even if they do, that still only leaves one industry.
You may also want to read:
- Your Wallets Guide to Las Vegas Infographic
- 10 Best Things About Living in Vegas
- Top 5 Las Vegas Poker Rooms
While everybody loves the Vegas tourist corridor, I think it is unrealistic to expect the service industry to support a city as large as Vegas. There simply has to be more diversity in industry for a major metropolitan area to thrive.
Technology, finance, manufacturing ... all of these things are missing in Vegas, and it is eventually going to lead to the collapse of the city.
When online gambling begins to devour brick and mortar gambling, and it will, two million people will not be able to pay their mortgages on the back of pool parties. It simply cannot be done.
As of right now, there are literally zero employment opportunities in Vegas. Hell, even strippers are fleeing the city.
Since major casinos more or less control the Las Vegas government, large corporations across the country (rightfully or mistakenly) are hesitant to move any of their own operations here because the city is viewed by the rest of the nation as a gigantic scam. Nobody takes Vegas seriously as a "real" city.
Citibank moved some of their credit card operations to Las Vegas many years ago, but only on the condition that they did not have to use a Las Vegas street address. Thus, "The Lakes, Nevada" was born. Legitimate businesses are ashamed to be associated with Vegas, and it's really hard to blame them.
Las Vegas' reputation is not one that is likely to attract jobs in the future, and this will mean that more and more people will be competing over fewer and fewer jobs. This demand/supply imbalance will lead to lower wages, less benefits, and greater employee abuse.
We are already seeing these effects today.
That $90,000 house in Henderson you have your eye on is not that great of a bargain if your income is $0.
In short, if you need a job to survive and don't already have one or one lined up, it is in your best interest to stay as far away from Las Vegas as possible.
It's bad right now, and it's only going to get worse.
Even though housing is relatively cheap, the reason why I do not recommend people to retire in Las Vegas is because of our healthcare system.
When it comes to medical professionals, Las Vegas attracts the worst of the worst. Think about it, what Harvard Medical Graduate at the top of his class would want to come to Las Vegas to practice? Why would they be attracted to a gambling town in the middle of the desert?
The answer is, they wouldn't be attracted to the town, and in general ... they don't move to Las Vegas.
I had a doctor's appointment in early July, and the waiting room was like a scene out of an anti-communist propaganda film. I was the only English-speaker in the room (including the staff), and the place was so filthy that I kept waiting for a live chicken to run by my feet. When I finally saw the doctor, he listened to me for about 30 seconds, scribbled out an ordered test on a piece of paper, and promptly left the room. That was the last I saw of him. My insurance was billed $120 for the 30 second visit. It was coded as a "Comprehensive Physical Exam".
Why didn't I complain about this visit in a previous blog article?
Because it was the best, most complete goddamn physical I have ever received in this town.
When I was hospitalized several months ago, I saw my attending physician once in the three day stay, yet was billed for 5 consultations.
Like most things in Vegas, healthcare is run as just another get-rich-quick scheme. There is no "care" per-se, just massive amounts of billing for procedures that are either rushed or never performed at all. If you've ever seen The Simpsons, you've seen a typical Vegas physician ... Dr. Nick Riviera. Sometimes art does imitate life.
We don't get many top-notch cardiologists concerned about patient care in this town. The only higher-end specialists generally interested in practicing in Vegas are plastic surgeons who can make a substantial amount of quick money firming butts, puffing lips, and lifting breasts.
If you want bigger tits, then Vegas is the right town for you. If you have health needs that require frequent trips to a physician, you are better off moving to Cuba than Las Vegas. I mean this with all sincerity and without a hint of sarcasm.
I turned 42 this year, and because of some specific ailments, it is likely that I will need more health care and pain relief as I get further into middle age. The knowledge that I would not get adequate levels of either was another key decision in my own move.
Please, if you have any health problems at all, don't move to Las Vegas. I would even go as far as to advise you not to visit Las Vegas.
Don't find out the hard way that I am right about this point. By then it may be too late.