3 ms·
> Do you think NYC is affordable for those earning 51k? Really? It must be, otherwise the people making $51k or less would have been forced to move away, there
by twblalock 7y ago
> Do you think NYC is affordable for those earning 51k? Really?
It must be, otherwise the people making $51k or less would have been forced to move away, thereby causing the median income to increase.
The fact that they have not done this is proof that they can afford to live there.
- jelliclesfarm 7y agoThat’s a weak assumption. Are you telling me that it’s a ‘fact’ that those who make less than 51k do not move away from NYC?
- kelnos 7y agoI mean, the numbers speak for themselves. If the median income is $51k, then yes, that is indeed a fact. Unless half of the population plus one person makes exactly $51k (with everyone else above), since... well... that's how medians work.
- jelliclesfarm 7y agoNYC has the highest Gini co-efficient in the United States..close to 0.5%.