Brooklyn, For Richer or Poorer
The CityFacts2008 section of Crain’s is full of all sorts of interesting info, like the chart above, which shows how wages stack up borough-by-borough for the five-year period that ended in 2006. Meanwhile, even though wages grew for residents of all the boroughs between 2005 and 2006, the rate of growth for Brooklyn earners, 6.2…
The CityFacts2008 section of Crain’s is full of all sorts of interesting info, like the chart above, which shows how wages stack up borough-by-borough for the five-year period that ended in 2006. Meanwhile, even though wages grew for residents of all the boroughs between 2005 and 2006, the rate of growth for Brooklyn earners, 6.2 percent, was the second-lowest in the city after the Bronx (5.1 percent) and way behind the 9.9 percent rise in Manhattan. We all need the extra dollars: The magazine’s consumer price index shows big increases in New York-area (includes the whole region) utilities, food and transportation costs over the past few years. One area showed a smaller rise in cost than most, though: Between 2006 and 2007, housing costs in the region were only up 2.6 percent, as compared to the 4 to 5 percent increases recorded in the few years prior.
CityFacts2008 [Crain’s]
Graphic from Crain’s.
bxgrl brings the numbers for brooklyn way down. At least she doesn’t pay for rent or food, like a normal adult.
Is this wages of people who Live or is it Work in each borough.
Big difference and looks more like Works
(since Staten Island is less than Bronx) –
high proportion of low paying retail,etc in residential areas.
Time the renter class learned an important lesson about life.
126. THE ANT AND THE CRICKET
Perry 373 (Syntipas 43)
During the wintertime, an ant was living off the grain that he had stored up for himself during the summer. The cricket came to the ant and asked him to share some of his grain. The ant said to the cricket, ‘And what were you doing all summer long, since you weren’t gathering grain to eat?’ The cricket replied, ‘Because I was busy singing I didn’t have time for the harvest.’ The ant laughed at the cricket’s reply, and hid his heaps of grain deeper in the ground. ‘Since you sang like a fool in the summer,’ said the ant, ‘you better be prepared to dance the winter away!’
“The magazine’s consumer price index shows big increases in New York-area (includes the whole region) utilities, food and transportation costs over the past few years”
How about gone parabolic? Inflation is off the charts now and I hope the Asshats are paying attention!
Folks there are some serious market dislocation going on. The Fannie Mae and Freddie Mac stories are huge. The problem here is that they need their stock price to be at a certain level because their stock prices is a asset. Fannie and Freddie are the 7 and 12 largest respectfully corporations is the world! they are market share into the 100’s of billions of dollars. May GOD help us.
Remember I told you are Bank insolvency? Well some of those nuclear bombs are ready to go off.
Small Banks’ Reckoning Day Is Coming
http://online.wsj.com/article/SB121494953423420859.html
According to the Federal Deposit Insurance Corp., $45.4 billion of the $631.8 billion in construction loans outstanding at the end of the first quarter were delinquent.
631 Billion!!!!!! I wonder where that money went to? I know, I know, building CONDO”S!! RIP Mutant Real Estate Bubble….
The What
Someday this war is gonna end…
10:12am
How pathetic that losers blame those that are doing just fine for their failures. If only those low-life losers listened to the old story “THE ANT AND THE CRICKET”.
This also reinforces why Brooklyn has so many nimbys and losers that grew up here. My co-worker was born in Bensonhurst and he hasn’t gone back there in 4 years. His old friends and family think anyone with a college degree is stuck-up. How lame is that. Brooklyn crab mentality.
any salary increase in the 10-20% range has been eaten by inflation
the serfs and the waelthy welcome to nyc 2008
10:12 WTF are you talking about? Your rent is past due.
Once again, NYC leads the country in the race to levels of inequality once seen only in Latin America and the USSR. Is our economy going to tank like Argentina too?
Note: These are AVERAGE figures, which in Manhattan would be pulled high by billionaires and millionaires. (For example: Put three nuns and Bill Gates in a room and average wealth is $15 billion, or Bill Gates’ wealth divided by four.)
MEDIAN income figures (the mid points across households and closer to reality for most working stiffs), would be much lower in Manhattan (where they’re in the $50,000/$60,000 range, last I heard, only somewhat above the national median).