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Lessons New Yorkers must learn

Posted by Peter Rosa on Thu Nov 21 16:54:55 2024

In no particular order:

1. In today's economy almost any business can go anywhere. If a major corporation decides to leave New York and relocate to someplace like Dallas or Phoenix it almost certainly can do so. And this isn't even mentioning WFH.

2. Paying unionized public sector workers generous salaries, especially when combined with the ability to retire much too young on large pensions, is economically unsustainable.

3. Having the country's widest and most compassionate array of social services is also economically unsustainable. It also may encourage the in-migration of people with social service needs, though that's admittedly unproven.

4. Regardless of what the statistics may show, a few well-publicized violent crimes make the city seem dangerous. Speaking of crime, although these decisions happen on the state rather than city level, eliminating most bail and paroling criminals long before the ends of their sentences is an unmitigated disaster.

5. Urban amenities like Broadway shows and upscale nightclubs may attract a few people to the city, but far more focus on jobs and safety.



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