Right, however over-tourism is a real problem.

Tourism provides low quality, transitory jobs, with income flowing more to wealth holders (property owners etc) than to wealth creators. It distorts property markets and sucks the oxygen out of other kinds of business. About time the Med weaned itself off of it.

This doesn’t sound like they’ll be weaning off it, though: it’ll be cold turkey. That’s going to let wealth holders pick up more property at depressed prices and drive down wages.

Relative to what? Its certainly better than resource extraction (oil).

The obvious question is, what jobs will replace them?

>Tourism provides low quality, transitory jobs, with income flowing more to wealth holders (property owners etc) than to wealth creators

No. It's worse than that. The transient customer base rewards the worst people. The people who make the most money and have the most influence are basically scammers who manage to stay one season ahead of the bad reviews. They're screwing customers, shafting suppliers, employees, business partners, etc, everybody. By the time the 1-star reviews are pouring in they've pivoted, sold the businesses, under new management, etc, etc, and are on to the next venture.

So over time these people get rich you basically wind up with these sorts of people running everything including the government and it's all just shit.

And it permeates everything. Everyone starts screwing everyone and being scummy by default. And the time and money and effort of having to hedge against in literally everything makes everyone all substantially poorer

Source: Grew up in it. First world white people too, so spare me some patronizing BS about low trust societies or whatever