NYC’s ‘Economic’ Blunder

Looking at a little demography this morning, with regard to New York, I couldn’t help but recall what I, frankly, viewed as a major economic (politically-motivated) blunder on the part of certain politicians who railroaded Amazon’s plans to place an HQ in NYC right out of town. 

Here’s a look at New York’s net migration (as % of previous year population) since 2010:

Oh, and by the way:

“The amount of income leaving these states is a (>1) scalar multiple of the amount of people leaving the state. In other words, the tax base is leaving even faster than the people are.”

–Christian Drake, Hedgeye Risk Management 


Recieve Between the Lines Posts to your Inbox

Sign up for lorem ipsum delores sin.

We care about the protection of your data. Read our Privacy Policy.