"Increasingly, only those at the upper end of the middle class, who are affluent enough to afford not only the sharply higher housing prices in every corner of the city but also the steep costs of child care and private schools, can afford to stay... Equally disturbing, even in good times, the city’s economy seems less and less capable of producing jobs that pay enough to support a middle class lifestyle in New York’s high-cost environment."
Report by Center for an Urban Future
3 Comments
Its just sad how New York City is loosing all of hits heritage to this entire "Luxury City" Image that is being portrayed. As a New York City native I am discusted by the rise of rent prices pushing the middle class out of the city and slowly transforming it to a social club for the Elite.
it is time for "realious new york."
here's a link to a blog and video of protesters at a bloomberg-hosted event, where the "future of nyc" is discussed with bankers, developers, media execs and others who can afford a $250 lunch.
http://www.feministe.us/blog/archives/2009/02/03/disrupting-bloomberg/
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