3min chapter

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434. Is New York City Over?

Freakonomics Radio

CHAPTER

New York's Fiscal Crisis

Cities with a concentration of highly skilled workers tend to be expensive cities. The city is projecting six, seven billion dollar deficits out as far as the eye can see. New york loses about eight hundred thousand residents between nineteen seventy and nineteen eighty. When that happens, quality of life deteriorates and more people leave,. That's what happened in new york in the nineteen seventy eve....

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