Posted on 05/24/2020 6:47:02 PM PDT by yesthatjallen
Imagine New York City five years from now with streets full of abandoned storefronts, closed eateries, and empty buildings. The cumulative effects of the coronavirus may be more overwhelming than the other challenges New York City has had to face during the past two generations, including the aftermath of 9/ 11. It is likely that the pandemic will simply accelerate the trend in the sharp decline of its population and livelihoods.
New York City was already losing population before the outbreak due to economic factors and quality of life issues. Around 40,000 residents left between 2017 and 2018 alone. The coronavirus has fueled the population outflow. About 420,000 residents have fled New York City in the last few months. Even worse for its economy, the majority of those who left amid the pandemic are wealthy workers. Many of them went to low tax havens in the south, such as Texas, Florida, Georgia, and North Carolina.
Eventually, it will not only be the 1 percent who leave. The unemployment rate in New York City has risen above 14 percent. Residents without a job or reduced hours will no longer have the income to keep paying sky high rents for tiny living quarters. Meanwhile, workers who have not been laid off or furloughed have been working remotely, a trend that may continue for years to come. Nearly 70 percent of those in finance and technology will consider relocating if working remotely becomes permanent.
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(Excerpt) Read more at thehill.com ...
If it happens Cuomo and DeBlasio worked long and hard to make it so.
What was its “former self?”
I love it when people who vote for socialists get smacked in the face with socialism.
Stupid should hurt.
The globalist psychopaths outsmarted themselves.
Instead of driving everyone into the high-density kill-zones, they drove them out.
Bill Gates is deeply saddened.
Self inflicted.
Call in Snake Plissken to make sure the destruction is complete. The world will be a better place.
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And all for what?
Dumb people elect dumb politicians.
Self inflicted. I hear very little from city folks desiring freedom. They are a bunch of scared pussies, all to willing to turn to government instead of making it on their own.
Cause and effect
Unintended consequences
Who could have possibly realized that those two immutable laws of nature would come into play?
DeBlasio will be mayor of N Caracas.
Be woke go broke.
Perhaps there will be positives that come about if this occurs.
The parasite known as the Democratic Party has killed another host. New York will soon look like Detroit.
What business would ever move there?..,especially after all of this bull$hit.
Whats the downside?
The deep red states falling into the abyss. I don’t know how this ends.
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