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Idiotic analysis. > That means the average worker is spending $4,661 less per year on meals, shopping and entertainment near their offices in New York Ok... b
by LewisVerstappen 4y ago
Idiotic analysis.
> That means the average worker is spending $4,661 less per year on meals, shopping and entertainment near their offices in New York
Ok... but they're likely more money on meals, shopping and entertainment closer to their home. Especially considering how they're not wasting an hour everyday on the subway anymore.
- paulpauper 4y agoYeah Bloomberg , like the The Economist, seems to have declined as of late. The money does not leave the city; it just gets spent in different ways. Less on commuting, more on other stuff.
- rayiner 4y agoWhat's "idiotic" about it? Manhattan has a daytime population of 4 million people, and a resident population of just 1.6 million people. If all those commuters spend the money "closer to home" that means that Manhattan businesses aren't seeing it. It's going somewhere else. From the perspective of Manhattan, that's not a good thing.