Yes. People in the middle are always squeezed the hardest, and $125k is just the baseline and is below survival in NYC.

You have to cut on almost everything to keep most of that money every month. Might be fine for those without families, but for a typical family of 2 or 3 would need double that salary and employers will look at that cost and will scrutinize that and ask:

"How do we get that 'cost' (you) significantly reduced?"

That is even before talking about "AGI" which is actually an excuse for layoffs (and reposting old jobs at a lower salary and off shoring those jobs) in disguise.

So it is more like the middle-class and especially families are getting squeezed the most in NYC and have no choice but to leave the US.

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brianwawok 7 hours ago | parent [-]

[flagged]

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rainsford 6 hours ago | parent | next [-]

Sure, there are lots of other places to live in the US that are cheaper. But if you want to live in a true major urban city, the US has managed to produce exactly one of those, with maybe an argument for Chicago followed by a few very distant also rans, despite our size and wealth and the obvious appeal to many people.

As a result, NYC like living is basically out of reach for the majority of the people who might otherwise want it. Nothing against Indiana, but if what you're looking for is bustling megalopolis living, I don't think Indianapolis is going to cut it. And your choices in the US aside from NYC are very limited.

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mschuster91 7 hours ago | parent | prev [-]

> Or like. Don’t live in the 2nd most expensive city in the country?

Well... multiple things here.

If you're in, say, finance, you can't just go and move to some flyover state and work remotely. You need to be around NYC (US), LON (UK) or FRA (EU).

If you work some service job, say you work retail, okay. But... imagine what happens to NYC when all the people doing the menial work keeping the city alive (have to) move away? Whoops, now everyone is going to drown in trash and feces!

It is vitally important for any city to have enough adequate housing for all levels of income, otherwise it falls apart.

	▲	rainsford 6 hours ago \| parent \| next [-]
		I can't find the reference, but I saw a comment recently along the lines of, "If you live in a city where the people who provide you with services can't also afford to live in that city, you don't live in a city, you live in an amusement park."
	▲	ZainRiz 6 hours ago \| parent \| prev \| next [-]
		If you're in finance, you earn enough to live in NYC > imagine what happens to NYC when all the people doing the menial work keeping the city alive (have to) move away? Whoops, now everyone is going to drown in trash and feces! That's not a "the poor middle class folks in NYC need help" story, that's a "the rich folks of NYC need folks to serve them" story. They're welcome to strategize however they like to incentivize people working there. Manipulative heartstring tug are not welcome however.
	▲	fhdkweig 6 hours ago \| parent \| prev \| next [-]
		> But... imagine what happens to NYC when all the people doing the menial work keeping the city alive (have to) move away? Whoops, now everyone is going to drown in trash and feces! Maybe after they have to look at piles of trash everywhere, the employers (I'm guessing that would be the city) will learn to pay them what they are worth.
	▲	torben-friis 6 hours ago \| parent \| prev [-]
		I can assure you there are finance jobs in more than three cities in the western world.