How did New York Metropolis stay such a preferred vacation spot regardless of all its formidable challenges, and even though it isn’t within the booming Solar Belt? Economists’ go-to explanations are known as agglomeration and industrial clustering results: principally, large cities have a tendency to remain large, 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 lately, tech companies.
https://www.washingtonpost.com/enterprise/new-york-city-has-once-again-defied-the-doomsayers-heres-why/2021/09/15/e0ed3bce-1614-11ec-a019-cb193b28aa73_story.html?utm_source=rss&utm_medium=referral&utm_campaign=wp_business | New York Metropolis Has As soon as Once more Defied the Doomsayers. Right here’s Why.