Is it still worth it to return and live in New York, especially if you are Asian?
In August 2020, New York Governor Andrew Cuomo begged wealthy business owners to come back to the city, “I’ll buy you a drink!” he said. The jest did nothing.
The New York exodus isn’t just the pandemic but the high cost of living, towering taxes, and precarious public safety. Its dilemma runs deep within its progressive policies.
Democrat and Republican states
According to Investors, the worst-run cities with “high taxes and spending” are Democrat states. As a result, New Yorkers leave for lower tax states like Texas, Florida, Nevada, Arizona at record numbers. In short, Republican policies appear to be better for the economy.
5 Reasons why staying in New York may not be worth it for starting families
1. Your employment may not be secure
Small businesses are the backbone of any economy. New York’s “progressive business policies” of high taxes and complex regulations make it challenging to thrive. Minneapolis, the poster child of progressive laws, is in the same dilemma.
Also, AI technology has begun taking over jobs in retail sales and marketing. Remote work has become an effective alternative. Some jobs do not require you to live in the city.
High-earners in tech, finance left New York
The unemployment rate decreased slightly in 2021, but jobs continue to struggle. Many high earners in tech and finance left, reported CBNC. At least one-third of businesses stopped operations, according to NY Post.
During the 2020 pandemic, states with the lowest unemployment rate were mostly populated by Conservatives like Nebraska, Utah, South Dakota, Kansas, and Texas.
A.I. has begun taking over jobs in retail sales
2. Leaders continue to fail in peace and order
Author, comedy club owner, and former hedge-fund manager James Altucher said in New York Post, “NYC is dead forever… Now it’s completely dead.” But NYC always bounces back? No. Not this time, he said.
During riots and looting last June 2020, Austin said the second wave of New Yorkers left. Many of them aren’t returning.
In 2020, hundreds of city businesses were damaged looted by the BLM riots. The Democrat Governor and Mayor refused to address the “threat of bloodshed” on the street.
As a result, many of James’ friends moved to Nashville, Miami, Denver, Salt Lake, Austin, Dallas—to mostly Republican cities.
The second wave of New Yorkers left
3. Crimes continues to surge in the city
Defunding police in New York
The wife of New York’s Democrat Mayor asked citizens to “physically intervene” to stop violent crimes against Asians. Months earlier, she convinced her husband to join BLM’s demands to defund the police.
In February alone, two incidents of Asians pushed onto subway tracks.
4. Homeless encampment expanding
New York’s “tent city” is expanding. As a result, locals and business people find it difficult to exist with the growing dangers in the city.
For example, a woman peed and “caca” by the bus stop. Hence nobody wanted to use the stop. The owner of an eatery across the street also said, “They started camping out there… recently it got bigger.”
Worst, some have mental issues. “They throw bottles,” he said in a report by NY Post. In short, New York is turning into an unsafe place to live.
Massive “tent cities” are mainly Democrat-led cities like Los Angeles, New York, Washington, Portland, and New Mexico.
Homelessness continues to rise.
5. Family planning better outside the city
According to Brooklyn Movers, raising children in New York is not safe. “People leaving NYC has a lot to do with the safety of the environment.” It includes the dangers of commuting in subways and public school safety.
Still, New York rentals are at an all-time low, which is great for a newly married couple. The median rent has gone down at least 20 percent.
If you’re starting a family, it may not be worth it. Young families are moving out of the city.
People leaving NYC, a lot to do with the safety of the environment.
New York, California, and Chicago’s Exodus
Even before the lockdown, business people have been leaving primarily Democrat states. In 2021, businesses moved out of Chicago. Hence, the Illinois exodus. State-to-state migration is worse in California, the poster child of left-liberals.
New Census numbers showed New York’s population fell 319,020, or 1.6%, in the 12 months leading up to July 1, 2021 — the most significant single-year drop in state history, according to NY Post.