Economy
The coast is Oregon's top tourist destination. In the mid 1980s, the coast's economy was dependent on natural resources. Limits placed on logging and fishing caused further decline. As of the late 2000s, tourism and retirement have provided economic growth. As of 2006, roughly 210,000 people live on the Oregon Coast. The economy is still dependent on natural resources, but the largest contributions to personal income are retirement based and "unidentified". The top three industries are timber, fishing, and tourism. The coast is poorer than the state average, with average income per capita $24,112 vs. $32,812.
Read more about this topic: Oregon Coast
Famous quotes containing the word economy:
“Even the poor student studies and is taught only political economy, while that economy of living which is synonymous with philosophy is not even sincerely professed in our colleges. The consequence is, that while he is reading Adam Smith, Ricardo, and Say, he runs his father in debt irretrievably.”
—Henry David Thoreau (1817–1862)
“The aim of the laborer should be, not to get his living, to get “a good job,” but to perform well a certain work; and, even in a pecuniary sense, it would be economy for a town to pay its laborers so well that they would not feel that they were working for low ends, as for a livelihood merely, but for scientific, or even moral ends. Do not hire a man who does your work for money, but him who does it for love of it.”
—Henry David Thoreau (1817–1862)
“Unaware of the absurdity of it, we introduce our own petty household rules into the economy of the universe for which the life of generations, peoples, of entire planets, has no importance in relation to the general development.”
—Alexander Herzen (1812–1870)