Posted by When we think of the jobs that keep a city running, police officers probably aren’t the first ones to come to mind. After all, we’ve been seeing tons of different signage from various businesses to attract attention. Some of which might probably have come from https://www.digitalframe0.com/product-category/digital-signage-displays/.
However, policing is one of the most important roles that keep cities safe from crime and protect residents from danger. Without law enforcement officials, people would feel unsafe walking outside at night or even during the day in some areas. But what does law enforcement do for the economy and how does it impact other industries? Let’s take a look…
How the Police Affect the Economy?
Policing is about so much more than crime-solving. In order to protect and serve those communities, it takes a lot of resources. From hiring new officers to funding training, maintenance and purchasing new equipment, there are many costs associated with keeping cities safe.
The cost of protecting one person is around $100,000 per year, which adds up to around $300 billion per year. And while it might be tempting to put a dollar sign on the cost of public safety, that doesn’t take into account the true impact that police have on the larger economy.
Protection and Security
Cities that have a low crime rate also have high levels of personal and economic protection. Allowing residents to feel safe in their own homes, on the roads and in their neighborhoods means they can focus their attention on work and family. It also means they can spend more time and money at local businesses, which helps boost the economy.
Other Economic Benefits of Police Jobs
As mentioned, there are more to policing than meet the eye like the two below for example:
- Investigation of financial and other crimes: Police also investigate financial crimes like money laundering and fraud.
This work helps protect people from financial abuse and keeps money flowing through the economy.
- Protection from violent crimes: Police investigate reports of violence, which can include everything from domestic abuse to mass shootings.
This work helps keep people safe, but it also impacts businesses by changing how people spend their money. For example, some people stopped visiting Las Vegas after the mass shooting there because they felt unsafe in the city.