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More Proof That Berkeley Is a Bubble

Posted By Ruby Elizabeth Lee On Aug 10, 2009 @ 11:33 pm In News | Comments Disabled

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While the recession continues to rage across the nation and the world – taking down banks, car manufacturers and even a small chunk of Starbucks in its path – Berkeley has maintained a surprising amount of economic stability.

And apparently UC Berkeley and its students are to thank [1] for keeping the whole Berkeley bubble afloat on the raging sea of recession. That’s right, give yourself a pat on the back for splurging at the Asian Ghetto last night.

Students are generally less reliant upon employment income and therefore more insulated from the recession. We even rake in a good $400 million to the Bay Area’s economy each year.

Basically what this all translates into is more reconstruction and renovation. Enjoy the jackhammers, kids.

Image Source: dan taylor [2] under Creative Commons
Local Development Continues to Thrive [Daily Cal [1]]


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URL to article: http://clog.dailycal.org/2009/08/10/more-proof-that-berkeley-is-a-bubble/

URLs in this post:

[1] students are to thank: http://www.dailycal.org/article/106226/local_development_continues_to_thrive

[2] dan taylor: http://www.flickr.com/photos/dantaylor/

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