As inflation has surged, other cities have vaulted past New York’s $15 minimum wage, considered a trailblazer only a few years ago. Source: New York Times
Posts published in “Economic Conditions and Trends”
N.Y. Democrats in Tough Fight to Capture an Open G.O.P. House Seat
By Gotham Rex on October 31, 2022
Although the district in central New York leans Democratic, it has been safely held by a moderate Republican, Representative John Katko, who is retiring. Source: New York Times
What to Know About Migrants Coming to NYC From the Border
By Gotham Rex on October 15, 2022
Thousands of asylum seekers from Latin America have arrived in the city. Why are migrants coming to New York? And what will happen to them next? Source: New York Times
Asked to Adapt a Classic Play, This Writer Rethought Her Life
By Gotham Rex on June 3, 2022
As she sought the truth for her characters on the page, Mara Vélez Meléndez’s real self began to emerge. Now she’s making her Off Broadway debut. Source: New York Times
For New York to Get Better, Times Square Has to Get Worse
By Gotham Rex on May 28, 2022
The economic future of New York depends on everyone coming back, not just the tourists. Too bad office workers don’t want to join them. Source: New York Times
As Remote Work Becomes Permanent, Can Manhattan Adapt?
By Gotham Rex on April 11, 2022
With more companies adopting hybrid work, New York City’s economy, which relies on commuters and full office buildings, faces an uncertain future. Source: New York Times
N.Y.C. Struggles To Recover After Omicron Cases Surge
By Gotham Rex on January 28, 2022
The economic disruptions of the latest Covid wave have hurt blue-collar workers the most, even as Wall Street profits, rents and home sales are soaring. Source: New York Times
What’s in Kathy Hochul’s Proposal on Housing, Economy and Climate
By Gotham Rex on January 5, 2022
The proposals, released as part of Ms. Hochul’s first State of the State address, reflected her priorities as she prepares to run for a full term as governor. Source: New York Times
Why New York City’s Jobless Rate Is Double the Rest of the Country's
By Gotham Rex on December 14, 2021
The city has regained fewer than 6 of every 10 jobs it lost since the pandemic began, while the nation as a whole has regained more than 90 percent of lost jobs. Source: New York Times
Google's $2.1 Billion Bet on Manhattan Office Space
By Gotham Rex on September 22, 2021
A $2.1 billion purchase of a Hudson Square building is a shot in the arm for the ailing New York office market. Source: New York Times
New York City’s Economy Is Dealt a New Blow by the Delta Variant
By Gotham Rex on August 23, 2021
The Delta variant has upended events, office reopenings and travel, raising new challenges for service businesses and their workers. Source: New York Times
As New York Reopens, It Looks for Culture to Lead the Way
By Gotham Rex on July 17, 2021
The arts — Broadway, nightclubs, museums, concert halls — are coming back to life after the shutdown. Getting it right will be vital to the city’s comeback. Source: New York Times
Office Vacancies Soar in New York, a Dire Sign for the City’s Recovery
By Gotham Rex on July 1, 2021
Nearly 19 percent of all office space in Manhattan has no tenants — the highest on record — as companies shed leases and embrace remote work. Source: New York Times
New York Faces Lasting Economic Toll Even as Pandemic Passes
By Gotham Rex on June 20, 2021
The city’s prosperity is heavily dependent on patterns of work and travel that may be irreversibly altered. Source: New York Times
New York Region to Accelerate Reopening, Raising Hopes and Anxiety
By Gotham Rex on May 3, 2021
New York, New Jersey and Connecticut are pushing ahead with May 19 reopening plans, and the subway will return to 24-hour service. Source: New York Times