Often unrecognized are the potential earnings

Info iconThis preview shows page 1. Sign up to view the full content.

View Full Document Right Arrow Icon
This is the end of the preview. Sign up to access the rest of the document.

Unformatted text preview: d professional relationships and can limit the anticipated earnings an individual might expect to produce throughout their lifetime. Recognizing the reduction in lost opportunity costs significantly increases the financial impact that crime places upon society. 27 | P a g e Mass Transit Negative BDL Crime Turn – Impact Extension [____] Crime costs society over $130 billion each year. Scott Erickson, MS in Criminal Justice Studies, 2012 (February 12, ) Seeking to more accurately account for these hidden cost estimates, economist David Anderson provided a disquieting account of the financial impact of crime in his 1999 study The Aggregate Burden of Crime. Anderson estimated the cost of crime within the United States to be upwards of $1.7 trillion annually. His estimates far exceeded those of previous studies; however a closer examination of his methodology provides a useful insight into his conclusions.Anderson’s study included a comprehensive analysis of previously overlooked variables such as the aforementioned reduction in opportunity costs emanating from both the commission of crime as well as the victimization of crime. Often unrecognized are the potential earnings forecasts attributable to those serving time for criminal activity. Anderson estimated that each incarcerated inmate represented an annual productivity loss of over $23,000. Calculating lost opportunity costs coupled with the time and effort that individuals expend on securing their assets from crime, Anderson placed the annual loss from these variables alone at over $130 billion. 28 | P a g e Mass Transit Negative BDL Gentrification Turn [____] An investment in mass transit will contribute to a greater gentrification as it causes people to move from the suburbs to the cities inevitably rising house prices Gerg St. Martin, Writer for Coalition on Sustainable Transportation, 2010 (New Transit May Cause Unintended Gentrification, A Northeastern report warns of the unintended consequences of first-time expansion of transit into some metropolitan neighborhoods. Extending public transportation to a metropolitan neighborhood for the first time can, in some cases, raise rents, bringing in a population of wealthier residents who would rather drive than take public transportation. That’s the conclusion of a report by the Kitty and Michael Dukakis Center for Urban and Regional Policy, which found that new public transit investments can sometimes lead to gentrification that prices out renters and low-income households—people considered core public-transportation users— working against the public goal of boosting transit ridership. The study, released today, urged planners and policymakers to consider the unintended consequences of neighborhood gentri fication when expanding or improving public tr ansit, given the risk that transit investment can cause undesirable neighborh...
View Full Document

Ask a homework question - tutors are online