How Does Uranium Mining Affect The Economy

Uranium and the Economy Uranium rose as an industry in the West in the post-World War II atomic-age. It was used for fueling nuclear weapons that were made in the US and was tested in remote areas. For example, one of the nucl¬¬¬¬¬ear test site was located in Nevada. Nobody really knew anything about the negative side effects of working in uranium mines or the effects of uranium to the surrounding communities/areas, such as birth defect/mutations or water and soil becoming contaminated. Despite negative effects of uranium mining, it does have the potential to revive failing towns and communities economies by bringing in publicity that comes with companies which will result in more people, meaning more businesses and money migrating to these

Some companies like in Texas created more than one thousand jobs and accounted for more than three-hundred million dollars that was paid to local communities annually. (Business Wire) “The new business that accompanies uranium mining projects is vital to these rural communities, which are often underserved in terms of access to basic services such as healthcare,” study author Terry Clower of the University of North Texas said. “The increased employment and expanded tax base brought by uranium mining means that all of a community’s residents reap the benefits from the expanded services now available to them.” This information that came from the website Business Wire explained that the annual investments and economic activity generated by uranium mining industries would serve as a catalyst for economic growth and development for both the local regions meaning that uranium mining is that start for local regions in Texas to receive annual investments and economic activity that would contribute to the overall growth and

For example, the environmental and social costs that comes with uranium mining must also be take into account. Another idea says that the decline of uranium mining doesn’t benefit the local communities but actually destroys the community. An example of this was in New Mexico after the cost of uranium lowered, many of the companies in the area helped the community survive but after the companies left, they took their business, mainly people, with them. The costs of cleaning up the waste produced by uranium has already been processed is estimated about 110 million at least in Church Rock, AZ which is the cost of one