It Started With a Jolt: How New York Became a Tech Town

Re:It Started With a Jolt: How New York Became a Tech Town by joeyb1111 on Friday February 22, 2019 @09:06AM (#19225362)

> Finally, that the exit of 25,000 high paying jobs could be seen as some sort of victory is also alarming. NYC has really never recovered from the 2008 crash when ~500,000 well paying finance jobs were compressed/reduced/automated. NYC needs those jobs and the ecosystem they would create.

NYC unemployment is like 4%. I don't think it's in need.

[ Parent | on HN ]

Re:It Started With a Jolt: How New York Became a Tech Town by TuringNYC on Friday February 22, 2019 @10:16AM (#19225992)

There is employment (96%) and then there is good employment. I'd argue the Amazon HQ2 jobs were good employment -- good salaries, benefits, training, etc.

I understand that too low unemployment (<3%) is bad since it constricts movement and creates inflation. However, aren't high paying high benefit jobs always a good thing?

[ Parent | on HN ]