Millennials turn their backs on New York and San Francisco (compare, Chicago)

[MS313]

Originally Posted by OuttaTheLouBurbs

It's about time millenials figured out there's actually cities out there that have a lot to offer without costing an arm and a leg.

It amazes me that my generation is so saddled with college debt and yet absolutely insists on living in Manhattan or San Fran or somewhere else insanely expensive. I just don't get it.

Our worship of the coasts is killing us.

Because their nuts, that's why. This is the reason why so many Americans are in debt... priorities. I love not having to save up just to go out lol. And going by what I heard from people who live/ lived there, they do the same things for fun that people in other major cities do.

Now if it's for a specific career or connections, than yeah I completely understand.

[BajanYankee]

Originally Posted by MinivanDriver

How does this have bearing on this thread? The New York and San Francisco regions are extremely expensive places to live. Hey, if you're a software engineer or are getting your feet wet in arbitrage, that's one thing. But if you have a good degree, but not one that will fetch a monstrous starting salary, then you can look forward to serious hardship in those markets.

I think for a lot of people it's a choice between a non-monstrous starting salary or no salary at all. What, for example, is someone with a Bachelor's in international affairs going to do in Cincinnati?

[kyle19125]

Originally Posted by BajanYankee

I think for a lot of people it's a choice between a non-monstrous starting salary or no salary at all. What, for example, is someone with a Bachelor's in international affairs going to do in Cincinnati?

Probably work for one of the dozens of US or international companies with headquarters or major offices there...https://en.wikipedia.org/wiki/List_o...ter_Cincinnati

[BajanYankee]

Originally Posted by kyle19125

Probably work for one of the dozens of US or international companies with headquarters or major offices there...https://en.wikipedia.org/wiki/List_o...ter_Cincinnati

That's often easier said than done. A lot of times companies/organizations will have a large office in NYC/Chicago/LA with only a small satellite office in smaller cities. Sometimes these offices may be comprised of a couple of people. And sometimes offices will have such different cultures, structures or work flow that they are essentially different firms.

The advantage of large cities (notwithstanding the high COL of many) is that job opportunities are bountiful. So if you wind up with a boss that's a real douchebag, it's not like there's only one other place in town (or no other place in town) that does the same kind of work. You can literally find a dozen other employers that do the same thing.

Sure, there are good job opportunities in nearly every metro, but some have way more than others, and it's these opportunities that push people to big cities even more than the cultural and social aspects of these cities IMHO.

[BajanYankee]

I think COL would be first and foremost in my decision-making if I were a barista or worked in some type of "creative" occupation with a very low probability of leading to any type of steady, predictable income.

[kyle19125]

Originally Posted by BajanYankee

That's often easier said than done. A lot of times companies/organizations will have a large office in NYC/Chicago/LA with only a small satellite office in smaller cities. Sometimes these offices may be comprised of a couple of people. And sometimes offices will have such different cultures, structures or work flow that they are essentially different firms.

I somehow get the sense you didn't even glance at my post, much less read it through. I count 60+ companies with a headquarter operation in Cincinnati. The point being there are certainly more than enough corporate jobs in cities other than NYC, LA and Chicago to focus on as a "millennial".


Headquarters[edit]
Mitsubishi Automotive Electric America (in Mason, Ohio)
Toyota Boshoku America, manufactures seats, power train parts and other components for automakers Toyota Motor Corp., General Motors and others (in Erlanger, Kentucky)

Headquarters[edit]
Ashland, Inc. (NYSE: ASH), Fortune 500 #248; a transportation construction, chemical, and petroleum company (in Covington, Kentucky); recently acquired Hercules, Inc. (Nasdaq: HPC) in a $2.4 BN deal

Commercial services[edit]
Headquarters[edit]
Champlin Architecture, architectural firm specializing in healthcare, corporate, higher education, religious and civic projects
Cintas (Nasdaq: CTAS), uniform supplier in Mason, Ohio
Convergys (NYSE: CVG), customer care, human resources and billing service provider
Empower MediaMarketing, advertising agency that communicates to and with consumers through an integrated combination of media
Omnicare (NYSE: OCR), provider of pharmaceuticals, related consulting and data management services
Rumpke, one of the largest privately owned residential and commercial waste and recycling firms in the U.S.[4]

Construction and real estate[edit]
Headquarters[edit]
General Cable (NYSE: BGC), manufacturer of copper, aluminum and fiber optic wire and cable products, located in Highland Heights, Kentucky

Food and beverage[edit]
Headquarters[edit]
Givaudan, US headquarters and production site for this flavor and sensory company
Grippo's, snack food company
Perfetti Van Melle, marketer and manufacturer of candy including the brands AirHeads and Mentos; U.S. headquarters located in Erlanger, Kentucky
Sunny Delight Beverages, marketer of Sunny Delight; owned by J.W. Childs private equity investment company
Wild Flavors, maker of flavors, colors and ingredients for the food and beverage industry

Health and biotechnology[edit]
Headquarters[edit]
CareStar, home health care company specializing in case management for consumers and providers of home and community-based services
Chemed (NYSE: CHE), parent of Roto-Rooter, the largest plumbing and drain-cleaning company in North America
Ethicon Endo-Surgery, surgical instruments for minimally invasive surgery and surgical procedures; a subsidiary of Johnson & Johnson (in Blue Ash, Ohio)
LCA-Vision (Nasdaq: LCAV), provides laser vision correction services under the LasikPlus brand
Medpace (Nasdaq: MEDP), a contract research organization (CRO), bioanalytical laboratory, central laboratory, and clinical pharmacology unit
Prasco Laboratories, pharmaceutical company specializing in manufacturing authorized generic products under private labels

Consumer goods[edit]
Headquarters[edit]

Kroger headquarters in Cincinnati
Kao Brands, US subsidiary headquarters of Kao Corporation which manufactures products under the name Jergens
Luxottica Retail, a division of Luxottica SpA of Milan, Italy (in Mason, Ohio); manages the Lenscrafters, Pearle Vision, Sunglass Hut, and Watch Station brands
Procter & Gamble, (NYSE: PG), the world's largest consumer products company; largest brands include Always, Ariel, Bounty, Bounce, Braun, Crest, Dawn, Downy, Fusion, Gain, Gillette, Head & Shoulders, Ivory, Olay, Oral B, Pampers, Pantene, Puffs, Secret, Tide, Vicks, & Whisper
Totes, marketer of umbrellas, gloves, raincoats, rubber overshoes, and other weather-related accessories
United States Playing Card Company, world's largest and most renowned playing card company (in Erlanger, Kentucky)

Industrial goods and services[edit]
Headquarters[edit]
AK Steel, (NYSE: AKS), Fortune 500 #378; steel producer (in West Chester, Ohio)
CFM International, manufacturer of jet engines; joint venture between Snecma (SAFRAN Group) and the General Electric Company
Formica Corporation, surface material manufacturer, subsidiary of New Zealand-based Fletcher Building
Fujitec America, elevator manufacturing (in Mason, Ohio)
GE Aviation, aircraft engine manufacturer;a subsidiary of the General Electric conglomerate (in Evendale, Ohio); employs 7,400[3]
GE Honda Aero Engines, engine designer and manufacturer for business aviation; 50% owned by GE, 50% owned by Honda
Makino, producer of machine tools and precision metal-cutting production machinery, including horizontal machining centers, vertical machining centers, graphite machining centers, and wire and Ram EDM
Milacron (NYSE: MZ), a plastics machinery producer, formerly Cincinnati Milling Machine Company
Omya, North America headquarters of the Switzerland-based international white minerals company supplying calcium carbonate and talc
Total Quality Logistics, a third-party logistics provider (in Milford, Ohio)
Integrity Express Logistics, an international asset based third party logistics company Blue Ash, Ohio

Insurance[edit]
Headquarters[edit]
American Financial Group (NYSE: AFG), insurance and investment holding company; parent of Great American Insurance Co.
Cincinnati Financial Corporation (Nasdaq: CINF), holding company with subsidiaries which underwrite fire, automobile, casualty and other related forms of insurance
Ohio National Life Insurance Company, personal and business insurance sales and services
Western & Southern Financial Group, the flagship sponsor of the Cincinnati Masters tennis tournament, which is part of the ATP Tour

Media[edit]
Headquarters[edit]

Scripps Center in downtown Cincinnati
E.W. Scripps Company (NYSE: SSP), a media company that owns many newspapers, cable channels and news stations; hosts the National Spelling Bee
F+W Media, publishing company; publishes magazines and books and operates trade shows in several special-interest categories
Townsquare Media, privately held radio broadcaster which owns approximately 70 stations in small and medium markets in the United States
Retail[edit]

Retail[edit]
Headquarters[edit]

Macy's, Inc. corporate headquarters in Cincinnati
Cornerstone Brands, owner of catalog brands including Frontgate and Smith&Noble (in West Chester, Ohio); subsidiary of HSN Inc.
KOI Auto Parts, chain of auto parts stores
Kroger (NYSE: KR), the largest company of supermarket chains in the United States (Fortune 500 #26);chains include Food 4 Less, Fred Meyer, Fry's, Kroger, Ralph's, Smith's Food and Drug, Dillons, Bakers, Gerbes, QFC, Lucky's and Turkey Hill
Macy's, Inc. (NYSE: M), parent company of Macy's and Bloomingdale's (formerly known as Federated Department Stores); employs 4,700[3]
United Dairy Farmers, regionally based convenience store and ice cream maker

Technology and telecom[edit]
Headquarters[edit]
Cincinnati Bell (NYSE: CBB), provides voice and data telecommunications products and services
Cincom, privately held, multinational, computer technology corporation founded in 1968; manufactures enterprise software, and provides information technology (IT) hosting services
dotloop, SaaS real estate technology subsidiary of Zillow.com
General Cable (NYSE: BGC), global wire & cable manufacturer (in Highland Heights, KY), incorporated in 1927. Fortune 500 #443[7]
WhatIfSports.com, specializes in online sports simulations and fantasy-style games

Transportation[edit]
Headquarters[edit]
Delta Private Jets (originally Comair Jet Express), a charter service offered by Delta Airlines that provides on-demand service to domestic and international destinations
First Group America, school bus operator and Greyhound; subsidiary of United Kingdom-based First Group PLC
Southern Air, a cargo carrier for DHL Aviation, which has its main hub at Cincinnati/Northern Kentucky International Airport
Total Quality Logistics, North America's second largest freight brokerage firm
Ultimate Air Shuttle, a charter airline providing daily service to numerous destinations across the United States

[lepoisson]

Too dang expensive. When the job market sucks and you've got student loans due, you can't afford $3000/mo in rent.

[annie_himself]

Originally Posted by lepoisson

Too dang expensive. When the job market sucks and you've got student loans due, you can't afford $3000/mo in rent.

There these things called roommates that allow you to split the cost of rent between the different roommates. Very popular in New York.

[IrishIllini]

Originally Posted by annie_himself

There these things called roommates that allow you to split the cost of rent between the different roommates. Very popular in New York.

What's the price of an average 2 bedroom in SF these days? It's got to be close to 5k/month.

[BajanYankee]

Originally Posted by kyle19125

I somehow get the sense you didn't even glance at my post, much less read it through. I count 60+ companies with a headquarter operation in Cincinnati. The point being there are certainly more than enough corporate jobs in cities other than NYC, LA and Chicago to focus on as a "millennial".

My response was more focused on the general than Cincinnati, specifically. I could have filled in ______ mid-sized market and the point would still remain.

People often say "Well, there's an office for ____ in [fill in smaller metro], so you could go there." That sounds good in theory, but it's not always so easy in practice. Many of the people moving to cities like NYC, SF and DC are doing so to work in very specialized areas. It's not that easy to move to some other city and continue doing the same thing.

The assumption on C-D is often that career/work is fungible from metro to metro but that is far from true in my experience. So you're never going to see young people "turning their backs on New York and San Francisco" because there is work in those cities that is not available in Cleveland, Cincinnati, Pittsburgh, Philadelphia, etc.