Jun 18, 2011 3:38 PM GMT
A post based on a study found here: http://www3.law.ucla.edu/williamsinstitute/publications/EconImpactCAMarriage.pdf
This wedding bubble would have following economic effects: Gay couples would spend nearly $700 million on wedding services over a three-year period’ Over 2000 jobs would be created in the nuptial industry. Allowing economic activity to take place is the key to growth. Another study by the non-partisan Congressional Budget Office reported that the liberalization of marriage requirements across all 50 states would generate an additional $1 billion in revenue annually.
Furthermore, legalization would almost certainly encourage gay immigration. Given the acrimonious debate in the UK over immigration in general, let's take a minute to justify a policy that would specifically increase gay immigration.
People in same-sex unions have higher rates of college education than those in straight partnerships (40% vs. 27%), which is shown to be negatively correlated with criminality. Gay couples tend to be wealthier than their straight counterparts (average household incomes of $80,610 and $73,655, respectively). And of course, gay couple are just cooler (difficult to quantify, but impossible to deny – some would call it cultural capital).
While the debate has so far defined gay marriage as a political issue, it can be framed as a question of market freedom as well. The gender restriction on marriage ought to be abolished. The UK should liberalize its marriage market by removing the moral monopoly that currently exists.