The decline is steepest among those from 18 to 39 years of age. Also, the population is skewing toward older adults, most of whom are retired or approaching retirement age.
In his letter Peter Tiso writes: "Service workers often earn barely enough to keep a car moving legally at all, let alone enough for the extras that make winter driving safer in our climate."
There is more money available at better rates for new builds. Tax deductions for depreciation help carry the new hotel even when it is not profitable. Spreading loss over a chain of hotels, some very profitable, may also be a benefit.
