A week ago we asked our readers to comment about why NYC’s middle class has vanished 44% faster than in the rest of the United States since 1970. We cited reasons suggested by a NYC think tank, the Center for an Urban Future. One of them: a NYC job mix that had “shifted away from positions that provide middle-income wages and benefits.”
In a companion 2009 report, “Building New York City’s Innovation Economy,” CUF suggested specific ways for NYC to encourage job growth in the tech sector, including linkages between research universities and tech entrepreneurs. Continue reading →
A 2008 Brookings Institution analysis of America’s shrinking middle class showed that between 1970 and 2005, New York lost its middle income group 44% faster than the rest of the nation. Probing this, the NYC-based Center for an Urban Future published a study in February, 2009, which implicated New York’s “sky-high cost of living,” a job mix that had “shifted away from positions that provide middle-income wages and benefits,” the “inferior quality” of the city’s public schools, “long commuting times on public transportation,” and residential development that “seems disturbingly out of scale with existing neighborhoods.”
Do you know a middle class family that has left New York? Was it for any of the reasons CUF mentioned? Do those reasons fully explain why New York’s middle class is vanishing, or are other things driving the middle class out? Write us a comment and share your opinion with our readers.
Ester R. Fuchs
Many New Yorkers, including the folks at the Center for an Urban Future, believe that the city’s economy must diversify geographically and industrially for its middle class —and the city — to survive. Whether this happens will depend on whether local political power reflects a five-borough perspective. The current relationship between the mayor and the City Council does not suggest that this will occur soon; nor does a recent move by Professor Ester R. Fuchs to the Partnership for New York City. Continue reading →
Posted in 2010 NYC Charter Revision, The Mayor, The Middle Class
Tagged 2005 charter revision, 2010 charter revision, Borough Presidents, Center for an Urban Future, Community Boards, economic development, Ester R. Fuchs, Kathryn Wylde, Mayor Bloomberg, Michael Bloomberg, Michael R. Bloomberg, New York City Charter, New york Community boards, NY City Council, NYC charter, NYC City Council, NYC Government, Partnership for New York City