Re:Americans' life ratings reach record high
by cjaybo on Sunday July 25, 2021 @04:59PM
(#27952858)
You seem to be conflating "boom town" and "large city". NYC is not a boom town.
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Why not? It seems like finance fills the “marquee industry makes a small percentage of the population very rich” for NYC.
And many other industries make other small percentages of the population rich. It's not a one industry town like many places in the rust belt were and Silicon Valley currently is
Silicon Valley goes beyond tech with finance being a solid example. In the end many people are getting rich from other industries as all cities need a wide range of services like plumbing and heating/AC which opens up a lot of opportunities to start and grow a business in those industries.