"The trend of companies moving to cities also hasn’t helped. Between 1975 and 2005, 90 percent of the jobs created in the New York region, which includes suburban Connecticut and New Jersey, were created outside New York City, according to Chris Jones, chief planner with the Regional Plan Association, a research group that studies the New York-New Jersey-Connecticut region. In the last 10 years, 90 percent of the jobs created have been in New York City. In the past decade, New York City has added 600,000 jobs, while the entire rest of the region has added just 88,000. 'It’s a reversal of what it was through most of the postwar period,' he said. 'You have very slow economic growth and at the same time you have high prices, particularly housing prices' in the suburbs, Jones said."
Read the full article in The Atlantic.