Thursday, September 15, 2016

Wages not increasing enough to make NYC affordable for most

From Epoch Times:

A shortage of talent for mid-skill jobs in New York City is linked to low wages and an inadequate education system, experts say.

A mid-skill job is one that requires a high school diploma and a post-school certificate, but not necessarily a four-year degree—for example, many technology, health care, and trades jobs.

“Tech in particular, while growing, is not at levels of mid-tier cities like Seattle and Austin due to higher cost of living,” said Jessica Walker, president of the Manhattan Chamber of Commerce, in an email. “So figuring out how people in tech, health care, and business and finance can live with families in NYC and the state is important.”

The shortage of talent prompted job search website Indeed.com to dig into its vast database for answers.

A big problem in New York City is labor market polarization, or “a hollowing out of middle wage jobs,” said Daniel Culbertson, an economist at Indeed.com.

The company separated its job database into 800 different categories, then ran the data through two filters: The first was whether a wage had kept pace with inflation, and the second was whether a wage was higher than the unadjusted median amount for that job in the year 2000.

Only 35 percent of New York City jobs made it through the filters.

The origin of talent shortage lies in the education system, said Allison Armour-Garb, senior fellow at Public Policy Institute of New York State.

In New York City, only 35 percent of high school graduates are college-ready, she said, and at least 50 percent of students have to take at least one remedial class when entering college.

The city spends more than $70 million on remediation classes at CUNY alone, Armour-Garb said. “[We’re] paying millions for material they should have already mastered in high school.”

23 comments:

Anonymous said...

But all of these dummies know how to post to fb and tweet! Their English would be be funny if it weren't so sad! So many millennials and youngsters barely speak recognizable English anymore...they're winning the race to the bottom!

Anonymous said...

There is no money to be had in nyc anymore. Just to live in this dump, you have to make 55000/year for a single person to live on their own and more than 70000/year to have a child. These wages will only be enough to afford you to rent. Forget about buying a house in nyc. The most affordable place to buy a house is Staten Island and who really wants to live there when you have to pay to cross tolls or wait for a boat to come in the middle of the winter? The middle class (especially families) is slowly being pushed out of nyc and we are being replaced by third worlders who rent the house next door to you and then has 3 other families living in a so called 2 family house just in order to pay the mortgage on that property. Who needs this? I'm so happy that I am moving away from this dump called nyc. It will never be nice or great again.

Anonymous said...

So, you commute. When you get tired of commuting, you leave NYC and take your high demand but middling wage career to a city or town where your dollar goes further, and let the wealthier New Yorkers deal with the problem.

I can't for the life of me understand this sudden concern from the poor advocates for people who are pricing out the poor losing their service businesses. Not saying it's a good thing, but who's really hurt by this disequilibrium? Let the market work.

JQ LLC said...

Tell me about it. I am basically living on the edge and scrimping to feed myself and pay for the luxury of using the web. The NY times has a very interesting story on the food gap in Brooklyn.

http://www.nytimes.com/2016/09/11/nyregion/brooklyns-food-gap.html?_r=0

It is getting rigoddamndiculous.

Anonymous said...

I could have told you that without any expensive study to reach the same conclusion.
NYC has nothing else to market except it's real estate. We make nothing. We import everything. LIC, once the home to industry created jobs , is now a home base for yuppies and hipsters. Likewise with the Brooklyn waterfront.
If you can't afford NYC, consider Kansas!
Big bird Bill Duh Blasio is just talking out of his ass, and his wife's , about providing affordable housing.
He's got his luxury digs in Park Slope, and doesn't really give a flying crap,about you!

Gary W said...

Leaving your child in the hands of the city gov't to educate them, should be considered child endangerment.

Anonymous said...

Who needs this? I'm so happy that I am moving away from this dump called nyc. It will never be nice or great again.

SURE MOVE TO NORTH CAROLINA - ACROSS THE STREET WILL BE A TOOTHLESS CRACKER METH JUNKIE AND NEXT DOOR WILL BE A BORN AGAIN BIRTHER AND IN THE BACK A FUNDAMENTALIST CREATIONIST.

GREAT GROUP TO INVITE OVER FOR THE BARBIE FEATURING DEEP FRIED BUTTER.

Anonymous said...

Block Busting can bring down rent prices.

Anonymous said...

Here's a novel idea: cut costs, starting with regulation and taxes.

Anonymous said...

If we didnta have people from Jersey, Connecticut and upstate hogging all our high paying jobs this wouldn't be an issue.

Anonymous said...

Want this to end??????????

Than End the Federal Reserve system.

That is all.

Unless/until that is done,....

expect squalor.

Slave on plebs !

Anonymous said...

Unless you only have a high school education these aren't high salaries.

People need to stop thinking they can make a living without going to college (at a minimum) and people who don't have careers need to stop having kids. You don't have to have a kid just because you want one.

>> you have to make 55000/year for a single person to live on their own and more than 70000/year to have a child.

Anonymous said...

SURE MOVE TO NORTH CAROLINA - ACROSS THE STREET WILL BE A TOOTHLESS CRACKER METH JUNKIE AND NEXT DOOR WILL BE A BORN AGAIN BIRTHER AND IN THE BACK A FUNDAMENTALIST CREATIONIST.

GREAT GROUP TO INVITE OVER FOR THE BARBIE FEATURING DEEP FRIED BUTTER.


That's like an out of towner saying "Move to NYC? Full of gang bangers shooting each other and illegals!" There are nice and awful parts of city / state. The issue here is that you can't afford even a halfway decent place in NYC if you're only moderately skilled.

Gary W said...

Just remember when you move, don't bring your "I've always voted Democrat" mentality with you. There is a reason these places are nicer than the shit hole NYC you are leaving.

Anonymous said...

More proof that this city and it's government only cares about the very rich and the very poor and not those of us in the middle.

Anonymous said...

'Imagine having to take the 7 Train to the ballpark looking like you're riding through Beirut next to some kid with purple hair, next to some queer with AIDS, right next to some dude who just got out of jail for the fourth time, right next to some 20-year-old mom with four kids. It's depressing... The biggest thing I don't like about New York are the foreigners. You can walk an entire block in Times Square and not hear anybody speaking English. Asians and Koreans and Vietnamese and Indians and Russians and Spanish people and everything up there. How the hell did they get in this country?'

For those of you who don't want to move to North Carolina you can thank John Rocker for the rest of the countries opinion on the big apple.

I had forgotten about the foreigners line. I bet he votes Trump!

Anonymous said...

Step 1: Cut taxes. For the love of God, cut the taxes!

Step 2: Enforce the law, illegal immigrant hiring has to stop.

Step 3: Business moves back into the city with jobs.

Step 4: More people working improves the economy, housing boom starts.

Step 5: More options for housing open up with new construction and revamping old, run down structures.

A rising tide raises all boats.

Anonymous said...

Business moves back to the city with jobs?
Will the national guard be used to evict the hipsters from LIC and reconvert their luxury digs back to factories?
Eagle Electric once had at least 5 plants in LIC.
Now there are none. Pipe dreams....old boy!
Where will the workers love in these new factories....on houseboats in the East River?
Yeah....right. Come up with a more realistic solution.

Anonymous said...

End rent regulations - period.

Anonymous said...

I'm a tarheel and I know the fool who said all those things about North Carolina is just as much and ignorant bigot as anyone he looks down on

Anonymous said...

I'm not sure how many more businesses we need to move back to NYC. Look at any job board and look at our employment rate. NYC has a lot of jobs.

We have a shortage of housing. That's pretty much it.

When the vacancy rate is so low, rent increases because of demand.
NYC needs to start building more units.

Anonymous said...

Relax! Donald Trump promised to bring back jobs to the U.S.
The same Donald who has his neckties made in China.
Isn't Ford planning on opening a factory in Mexico?
Der Donald's Great Wall might get in their way.
Wanna bet that Der Donald really went to Mexico to negotiate building a factory to manufacture his clothing line there?
Go ahead, drink the Kool Aid you dummies!

Anonymous said...

Unless these job slaves are willing to work for the same wages in America ,
as Chinese and Mexican workers get, this is all major chicken shit!
You are being "soft soaped".
That's an old expression for a cheap lubricant for someone who is about to ream you in the tookas!
Love those golden oldies, don't you?