Evaluation | New York Metropolis Has As soon as Once more Defied the Doomsayers. Right here’s Why.

How did New York Metropolis stay such a well-liked vacation spot regardless of all its formidable challenges, and although it isn’t within the booming Solar Belt? Economists’ go-to explanations are referred to as agglomeration and industrial clustering results:  principally, huge cities have a tendency to remain huge, and wealthy cities have a tendency to remain wealthy. New York is the house of many high-value industries, amongst them finance and publishing. These industries hold a big, well-educated inhabitants of data employees within the space, which pulls in different corporations — most not too long ago, tech companies.

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