Is it still worth it to return and live in New York, especially if you are Asian?
In August 2020, New York Governor begged wealthy business owners to come back to the city, ‘I’ll buy you a drink!’ he said. The jest did little.
New York’s dilemma isn’t just the pandemic but the high cost of living, towering taxes, and precarious public safety.
According to Investors, the worst-run cities with “high taxes and spend” are Democrat states. As a result, New Yorkers leave for lower tax states like Texas, Florida, Nevada, Arizona at record numbers and not return.
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” policies make it difficult for them to thrive. We know this based on what’s happening to Minneapolis, the poster child of progressive laws.
Also, AI technology has begun taking over jobs in retail sales and marketing. Remote work is a new trend that’s saving companies tons of money and lesser need to hire new people.
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, the second wave of New Yorkers left, Austin said. Many of them aren’t returning.
Governor, Mayor couldn’t control Black Lives Matter
In 2020, hundreds of city businesses were damaged, looted. Both Governor and Mayor are Democrats—helpless to stand against liberal BLM. 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.”
Homelessness continues to rise
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 in 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 a safe place. “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 good news, New York rentals 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 actually 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 largely 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.