New York City Has Once Again Defied the Doomsayers. Here’s Why.

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.