High Housing Costs Hinder Job Creation

Analysis from Global Cities Business Alliance has suggested that if housing costs had only risen by ten percent from 2010 to 2015, instead of the much higher rate found in many cities, this would actually have created a considerable number of jobs. How? With residents of the cities having more disposable income, more money would be spent in shops, bars, restaurants etc., in turn creating more demand for workers. The effect in Beijing was seen as having the greatest potential, possibly creating an extra 422 thousand jobs.