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That's fair, but your post might have been more prescriptive than you intended. Your wording insinuates that New York doesn't actually have a problem with incom
by disintegore 4y ago
That's fair, but your post might have been more prescriptive than you intended. Your wording insinuates that New York doesn't actually have a problem with incomes relative to cost of living because most people make up for that through an informal economy. There is ambiguity, granted, but on the surface that looks like a massive stretch. The figure might be impacted, but for it to be completely eclipsed is another order of magnitude entirely.
- gen220 4y agoYou're right! I went ahead and edited it to hem closer to my original intent. I totally agree that NY has a significant (income:cost of living) problem. My main objective was to draw attention to the difficulties in measuring the size and distribution of this problem, caused by the unmeasured informal economy and unbalanced access thereto. I definitely don't think that the informal economy makes up for low reported wages, but it definitely is a ballast that we'd be better off understanding, given its scope and entrenchment.