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This research is dumb and a waste of our money. Comparing this age of gentrification and urban demand against the same age bracket of people moving here during the era of white flight. Back then none of them were moving here unless they were being paid to do so. Today everyone wants to move here, with job or no job.
Not a waste at all.
It has huge implications for the national economy and public policy. Why do these young people think it sucks so badly at home? Those matters have to be addressed because the entire population of the interior of the country cannot relocate to NYC.
Gentrification took off at the same time states like Michigan got decimated by the collapse of the industrial sector. If the job market was better back home, they wouldn't even come here. This situation is related to the rise of both Trump and Bernie, among other political trends. Trump, Bernie, and Hillary have all had to attack the trade agreements that devastated so much of working class America.
It has huge implications for the national economy and public policy. Why do these young people think it sucks so badly at home? Those matters have to be addressed because the entire population of the interior of the country cannot relocate to NYC.
Gentrification took off at the same time states like Michigan got decimated by the collapse of the industrial sector. If the job market was better back home, they wouldn't even come here. This situation is related to the rise of both Trump and Bernie, among other political trends. Trump, Bernie, and Hillary have all had to attack the trade agreements that devastated so much of working class America.
Not exactly, young people move to cities for other reasons besides jobs and have been doing so for probably the last century. That's not to say that less would be moving if the market was better at home but cities are more exciting and offer more opportunities for jobs and entertainment than suburbs for young people. I did move to NYC both because the job market in CT sucked, and also i wanted to experience some place new.
Not exactly, young people move to cities for other reasons besides jobs and have been doing so for probably the last century. That's not to say that less would be moving if the market was better at home but cities are more exciting and offer more opportunities for jobs and entertainment than suburbs for young people. I did move to NYC both because the job market in CT sucked, and also i wanted to experience some place new.
When the middle of the country was doing better, unless you had more of a special reason for moving to NYC you did not have broad attempts to migrate towards big cities, though of course individuals may have wanted to come for whatever reason.
When the job market collapsed in the interior of the country, then there was substantially more pressure to try to do so. Only now it's gone as far as it can.
This research is dumb and a waste of our money. Comparing this age of gentrification and urban demand against the same age bracket of people moving here during the era of white flight. Back then none of them were moving here unless they were being paid to do so. Today everyone wants to move here, with job or no job.
Dumb article. Just a lot of fact citing without addressing the larger issues. These problems have been national ones, and for some time. They apply to Gen X, Baby Boomers and other generations, not just the precious little Millennials. A lot of people go to college on a narrow path, then the economy shifts. If you can't adapt, you don't survive. This is nothing new.
Actually, much of the country is doing just fine. Texas is on fire and California is getting it's groove back economy wise. Seattle and Denver are hotspots as is Atlanta. Many places here in the US to advance. People will still come to NYC because it's NYC.
Back in the 90s you couldn't get any mgr to agree on hiring inexperienced workers from elsewhere to work in NYC. Today, the door's open for any young worker from midwest or south to come to NYC with the allure of being part of NYC. The reality is establishment companies would rather hire people from elsewhere who don't know the cost sink of living around NYC.
$50k salary is good money elsewhere, but it is barely middle class these days. You could sit home and collect welfare and come out ahead of people working for $50k.
Most long time NYers who refuse to compromise either left the area or have to make higher income in order to stay around here.
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