The US Supreme Court ruled in June that gay marriage is legal nationwide. No doubt, such an historic verdict will have economic repercussions.
But even though this ruling was specifically about marriage, the benefits go beyond just the wedding (and divorce) planning industries.
The main economic benefit from the legalization of same-sex marriage “is the potential for an increase in labour productivity,” writes UBS economist Paul Donovan. “This productivity boost comes from greater labour mobility and from maximizing labour potential.”More concretely, legalizing same-sex marriage helps to promote trend growth in the following three ways, according to Donovan: It removes the limits […]