3 ms·

New York, California Income Fell for First Time Since 2009

36 points by mfiguiere 3y ago

erikaww 3y ago
https://archive.ph/8Bs9p https://archive.ph/8Bs9p
tfehring 3y ago
Based on the source data [0] I think the number they're reporting is just the total personal income earned in each state. In California's case, per-capita income actually increased slightly, but the population went down so total income went down. In New York, both population and per-capita income decreased in 2022. Still sort of a weird number to report on though. [0] https://apps.bea.gov/regional/zip/SAINC.zip https://apps.bea.gov/regional/zip/SAINC.zip, accessed via https://apps.bea.gov/regional/downloadzip.cfm https://apps.bea.gov/regional/downloadzip.cfm
more_corn 3y ago
[flagged]
- parker_mountain 3y ago
  The data shows that, overwhelmingly, the people leaving are the ones who couldn't afford to stay.
- nxm 3y ago
  [flagged]
  - addicted 3y ago
    Florida has higher violent crime than NY. https://en.m.wikipedia.org/wiki/List_of_U.S._states_and_territories_by_violent_crime_rate https://en.m.wikipedia.org/wiki/List_of_U.S._states_and_terr... Violent crime is the best measure of overall crime as well because overall crime penalizes jurisdictions which treat their stats well and have better response to crime because the public is more likely to report crime…violent crime cannot be hidden. That being said, NY does even better on overall crime rate. https://worldpopulationreview.com/state-rankings/crime-rate-by-state https://worldpopulationreview.com/state-rankings/crime-rate-... NY’s population is 19.7mm. Florida’s is 22.4mm. Hardly half. And the difference in budget spending is almost entirely based on higher per capita spending on health and education in NY vs Florida. One can argue whether that’s appropriate but hopefully the very clear reason should help you be less amazed. https://www.urban.org/policy-centers/cross-center-initiatives/state-and-local-finance-initiative/projects/state-fiscal-briefs/florida#:~:text=Florida%20enacted%20its%20FY%202023,aid%20from%20the%20federal%20government https://www.urban.org/policy-centers/cross-center-initiative.... https://www.urban.org/policy-centers/cross-center-initiatives/state-and-local-finance-initiative/projects/state-fiscal-briefs/new-york https://www.urban.org/policy-centers/cross-center-initiative...
  - midasuni 3y ago
    Cost of housing. If you can work remote why pay SF/NY prices.
    - throwaway5959 3y ago
      Commercial real estate is going to end that soon enough. Hybrid is coming in a big way by the end of the year.
      - midasuni 3y ago
        My company literally can’t fit all its staff in offices. It’s simply got rid of its leases on buildings as they expire. This is a company that has a required in person presence for many staff, operates 24/7 and did so throughout covid.
- deleted 3y ago
  [deleted]

36 points by mfiguiere 3y ago

https://archive.ph/8Bs9p https://archive.ph/8Bs9p

Based on the source data [0] I think the number they're reporting is just the total personal income earned in each state. In California's case, per-capita income actually increased slightly, but the population went down so total income went down. In New York, both population and per-capita income decreased in 2022. Still sort of a weird number to report on though. [0] https://apps.bea.gov/regional/zip/SAINC.zip https://apps.bea.gov/regional/zip/SAINC.zip, accessed via https://apps.bea.gov/regional/downloadzip.cfm https://apps.bea.gov/regional/downloadzip.cfm

more_corn 3y ago

[flagged]

parker_mountain 3y ago
The data shows that, overwhelmingly, the people leaving are the ones who couldn't afford to stay.
nxm 3y ago
[flagged]
- addicted 3y ago
  Florida has higher violent crime than NY. https://en.m.wikipedia.org/wiki/List_of_U.S._states_and_territories_by_violent_crime_rate https://en.m.wikipedia.org/wiki/List_of_U.S._states_and_terr... Violent crime is the best measure of overall crime as well because overall crime penalizes jurisdictions which treat their stats well and have better response to crime because the public is more likely to report crime…violent crime cannot be hidden. That being said, NY does even better on overall crime rate. https://worldpopulationreview.com/state-rankings/crime-rate-by-state https://worldpopulationreview.com/state-rankings/crime-rate-... NY’s population is 19.7mm. Florida’s is 22.4mm. Hardly half. And the difference in budget spending is almost entirely based on higher per capita spending on health and education in NY vs Florida. One can argue whether that’s appropriate but hopefully the very clear reason should help you be less amazed. https://www.urban.org/policy-centers/cross-center-initiatives/state-and-local-finance-initiative/projects/state-fiscal-briefs/florida#:~:text=Florida%20enacted%20its%20FY%202023,aid%20from%20the%20federal%20government https://www.urban.org/policy-centers/cross-center-initiative.... https://www.urban.org/policy-centers/cross-center-initiatives/state-and-local-finance-initiative/projects/state-fiscal-briefs/new-york https://www.urban.org/policy-centers/cross-center-initiative...
- midasuni 3y ago
  Cost of housing. If you can work remote why pay SF/NY prices.
  - throwaway5959 3y ago
    Commercial real estate is going to end that soon enough. Hybrid is coming in a big way by the end of the year.
    - midasuni 3y ago
      My company literally can’t fit all its staff in offices. It’s simply got rid of its leases on buildings as they expire. This is a company that has a required in person presence for many staff, operates 24/7 and did so throughout covid.
deleted 3y ago
[deleted]