Gentrification Of Gentrification And Labor Markets

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Introduction The study of urban spaces, especially with respect to gentrification, has increased dramatically in significance and relevance in the past several decades. With the resurgence of city living’s popularity, urban revitalization has occurred in neighborhoods across the United States and brought with it significant economic and social change. Gentrification is known as a process of moving in wealthier residents and thereby increasing property values. From this, many conclude that it constitutes neighborhood revitalization insofar as it improves the economic value of the area. Therefore, a major consequence of this ‘revitalization’ is that it often displaces low-income residents and small businesses (Zukin, 2010). Though much research and discourse exist to examine the plights of these residents and firms, a frequently overlooked subject is gentrification’s ability to displace labor from an economic standpoint. This review will primarily demonstrate that the limited research on gentrification and labor markets has concluded that a relationship between the two does seem to exist. In particular, the literature has shown that gentrification may negatively impact the manufacturing sector of the labor market, which has negative implications for urban economies. The review will also summarize the consensus reached by the scholars in the field, and it will identify the trends observed in their research. Finally, it will assess the gaps in the literature, and seek to find

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