Private security firms are seeing a significant increase in demand as police departments in the United States struggle with staffing issues. This comes as crime rates continue to rise, leaving many business owners and civilians feeling vulnerable and in need of additional protection. As a result, private security companies are booming, with twice as many security guards employed in the US as there were 20 years ago. By 2021, there were roughly three private security guards for every two police officers.
The rise of private security is driven by income inequality, with wealthy people having more to protect and more money to spend on protection. While some business owners are able to pay $750 a day for armed guards, many others have to make do with what their taxes can buy. In cities like Beverly Hills, where residents and business associations have chipped in extra money to hire private security, the wealthy have effectively created their own private police force.
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