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April 13, 2021 1 min

Reuters reports on what happened to the New York population during the beginning of Covid-19 lockdowns

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Episode Transcript

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Speaker 1 (00:00):
Writers is reporting on what's happened to the New York
City population in the wake of the coronavirus. Millions of
people have moved out of the city during the pandemic,
but millions of other people have moved in. The problem
for New York is those who left took their money
with them. After examining the data about those moving out
and those moving in, a Location analytics company says those

(00:22):
who departed cost New York thirty four billion dollars in
lost income. The wealthy have gotten out, they're gone, and
the people moving in they're poorer. The three and a
half million people who have moved into the city have
lower average incomes than the escape ese. Now they's going
to have lasting consequences for New York. Everything from real

(00:43):
estate to retail businesses will be negatively affected, not to
mention less tax revenue for elected Democrats to spend. Now,
yesterday I told you that Governor Cuomo and Bill de
Blasio want to shut down New York's economy yet again,
which will incre east job losses, business closures, and the
number of people who can afford to leave leaving. Shutdowns

(01:06):
have consequences, and another shutdown means another disaster for a
city that literally cannot afford another one, but at least
there will be more poor people than ever moving in
a silver lining. I guess to liberals, they claim to
love them, they claim to want to protect them, so
have at it.

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