POLL: Can New York’s Middle Class Stage a Comeback?

Posted On Wed, May 25, 2016 By

Posted On Wed, May 25, 2016 By In City Living, Polls

The lack of affordability in New York is typically, and justly, blamed on skyrocketing rents, but when it comes to the middle class it might be more closely tied to a lack of jobs. The Wall Street Journal shares a new report from the Center for an Urban Future, which finds that “while the city added a record number of jobs since 2011, middle-wage industries paying between $40,000 and $80,000 a year added the fewest positions, and a lot of those were temp jobs.” Additionally, middle-wage jobs lost the most employees. Low-wage industries (paying under $40,000) such as restaurants and home health care services disproportionately added the most jobs.

However, the report also points to a few factors that may indicate a comeback for the middle class. For one, middle-wage industries accounted for three of the eight sectors with a net gain of at least 10,000 jobs since 2011. These are employment services, building equipment contractors, and colleges/universities, respectively. In total, 23 middle-wage sectors added at least 1,000 jobs during this time, not far off from the low-wage sector’s 24 and high-wage’s 28. But are these figures enough to give the middle class staying power?

RELATED:

Graphs via Center for an Urban Future; Top image via WNYC; Bottom image via roboppy via photopin cc

Tags : ,

MOST RECENT ARTICLES

  • $12,000/month to rent this triplex townhouse beauty in Boerum Hill

    $12,000/month to rent this triplex townhouse beauty in Boerum Hill

    Renters can enjoy Brooklyn townhouse living in all its glory here at 306 State Street, a Boerum Hill property now ...
  • Millennial home buyers prefer DIY over going into debt over renovations

    Millennial home buyers prefer DIY over going into debt over renovations

    Millennial homeowners—yes, they do exist—are a careful lot, according to Better Homes & Gardens’ ninth annual survey of trends in ...
  • Have your apartment photographed by 6sqft!

    Have your apartment photographed by 6sqft!

    Did you spend months decorating your apartment? Is your home historic or quirky? If you live in a unique or ...
  • Express N train tunnel will close for a year in Brooklyn; Map shows the CO2 savings of CitiBike

    Express N train tunnel will close for a year in Brooklyn; Map shows the CO2 savings of CitiBike

    The express N train tunnel between the 36th and 59th street stations in Brooklyn will close for a year for repairs ...
  • The first presidential inauguration was held in New York City in 1789

    The first presidential inauguration was held in New York City in 1789

    As Washington, D.C. attempts to rein in the crowds on this Inauguration Day, New Yorkers can be thankful someone else ...
  • FREE RENT: A roundup of NYC’s latest rental concessions

    FREE RENT: A roundup of NYC’s latest rental concessions

    Midtown Rental Skyscraper ‘Tower 31‘ Offering One Month Free or One Month OP on Select Leases [link] Leasing Launches at ...
  • VIDEO: Watch the MTA clean subway tracks with their new Mobile Vacs

    VIDEO: Watch the MTA clean subway tracks with their new Mobile Vacs

    This past May the MTA recorded 50,436 subway delays, 697 of which were caused by track fires that could have ...
  • The Urban Lens: Inside ‘Little Odessa,’ Brighton Beach’s quaint beachfront Russian community

    The Urban Lens: Inside ‘Little Odessa,’ Brighton Beach’s quaint beachfront Russian community

    6sqft’s ongoing series The Urban Lens invites photographers to share work exploring a theme or a place within New York City. ...
  • Whole Foods will open a lower-priced ‘365’ store in Downtown Brooklyn

    Whole Foods will open a lower-priced ‘365’ store in Downtown Brooklyn

    Downtown Brooklyn is quickly becoming one of NYC’s most desirable commercial hubs. On top of hosting a lengthy roster of big ...
  • MTA backs plan to raise subway and bus fare to $3 come March

    MTA backs plan to raise subway and bus fare to $3 come March

    At a board meeting over the summer, the MTA began discussions about increasing subway and bus fare to $3 by ...
  • ‘Desperately Seeking Susan’ screenwriter lists Chelsea townhouse with a private yoga studio for $7.1M

    ‘Desperately Seeking Susan’ screenwriter lists Chelsea townhouse with a private yoga studio for $7.1M

    Built in the 1830s when this quiet, tree-lined residential block was home to well-to-do families, the four-story, 3,600 square-foot Greek Revival townhouse at ...
  • Pop singer Santigold lists her ornate Bed-Stuy brownstone for $1.95 million

    Pop singer Santigold lists her ornate Bed-Stuy brownstone for $1.95 million

    Singer and songwriter Santi “Santigold” White—best known for her singles “Creator” and “LES Artistes,” and more recently her video “Can’t Get ...

SIGN UP FOR OUR NEWSLETTERS

Thank you, your sign-up request was successful!
This email address is already subscribed, thank you!
Please provide a valid email address.
Please complete the CAPTCHA.
Oops. Something went wrong. Please try again later.