April 4, 2017

THE POOREST WILL NEED OUR HELP TO ESCAPE:

Why So Many Americans Are Saying Goodbye to Cities : What's happening to New York City is a microcosm of what's happening around the country--the hollowing out of the U.S. city. (DEREK THOMPSON, 4/04/17, The Atlantic)

Net domestic migration to New York City metro area (which includes the five boroughs plus slivers of New Jersey and Pennsylvania) is down by a whopping 900,000 people since 2010. That means that, since 2010, almost a million more people have left New York for somewhere else in America than have moved to New York from another U.S. metro--more than any other metro in the country. This is the "fleeing" that the Post finds so "alarming." But the New York metro has also netted about 850,000 international migrants since 2010. That number is also tops among all metros--more than Miami, Los Angeles, and San Francisco, combined.

So, that's the story of New York City, today. It is an extremely popular first-stop for immigrants. It is also a popular destination for young, upwardly mobile Millennials who have graduated from top colleges and don't yet have families with children. But since it's expensive, chaotic, and mostly lawn-free, it's not a great place for middle class families who dream of an affordable house, car, and yard.

In this regard, New York is a microcosm of the American city. Population growth in big cities has now shrunk for five consecutive years, according to Jed Kolko, an economist and writer. While well-educated Millennials without children have concentrated in a handful of expensive liberal cities, the rest of the country is slowly fanning out to the sunny suburbs.

The proper model for the city is Disneyworld--a place you visit during the day for entertainment that closes at night.

Posted by at April 4, 2017 5:47 PM

  

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