High minimum wage. It gives a comparative advantage to high skill industries to operate there verses low-skill industries. Of the native residents with lower skills, they end up unemployed or under employed, while costs of rent, services, and food go up because businesses cater to the surplus of high-skilled people there. Minimum wage causes gentrification. Poor people are squeezed out, and usually not in an elegant way. This is exactly what was intended by minimum wage by its first supporters. https://stream.org/eugenics-plot-minimum-wage/ “Progressive economists, like their neoclassical critics,” Leonard explains, “believed that binding minimum wages would cause job losses. However, the progressive economists also believed that the job loss induced by minimum wages was a social benefit, as it performed the eugenic service ridding the labor force of the ‘unemployable.’”