Saw this article in Crain's NY Business:
City’s middle-class exodus seen accelerating
“New York has long been a city that has groomed a middle class, but that’s a more arduous job today,” said Jonathan Bowles, director of the Center for an Urban Future, a Manhattan-based think tank dedicated to independent research on cities, and one of the report’s authors. “There’s a tremendous amount of positives about the city, yet so many middle class families seem to be stretched to their limits.”
“New York has long been a city that has groomed a middle class, but that’s a more arduous job today,” said Jonathan Bowles, director of the Center for an Urban Future, a Manhattan-based think tank dedicated to independent research on cities, and one of the report’s authors. “There’s a tremendous amount of positives about the city, yet so many middle class families seem to be stretched to their limits.”
Big surprise, that.
But it reminded me of this infuriating WNYC interview with wall street shill Greg David, Crain's editorial director, on bonus-based compensation. Worth checking out,or at least reading the comments!
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