Its economy relies to an absurd extent on the low-wage tourism sector. Because it lacks higher-wage, tech-oriented jobs, its average citizens struggle to bridge the chasm between their incomes and their exorbitant living costs.
But so what? It’s a sunny town on a bay with muy caliente Latin flavor. The visitors and their money will keep coming and keep the place afloat. Besides, it’s got more important things to worry about – like a mortal political enemy 90 miles away.