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Tech takes over: New York is the sector's second city

crainsnewyork.com

181–190 of 209 posts

Re: Tech takes over: New York is the sector's second city

#181

Earlier quoted context omitted.

You sort of prove the cherry picking argument. Average salary means nothing in a vacuum without cost of living considered. And when it is... Unsurprisingly NYC comes in at the bottom of the list, https://www.codementor.io/blog/best-cities-software-engineer... Seattle is actually #1

I can’t trust any of these comparisions because it’s difficult to compare apartments across cities. Average apartment costs in new york are meaningless. I know of no one paying 3k per month. Usually it’s between 1k-1.5k, which completely changes this graph.

It's not hard. And they're not. You're friends are paying 1K-1.5 to have a room. In the end if you have to pay as much for a room in city A as a whole apartment or mortgage in city B, you are getting paid less. To expand, both the the average and median price per a room per apartment is readily available and easily calculable. If a 2BD is 4K in city A and most people put 4 people in that apartment that doesn't mean all the sudden that it's the same deal as the same 2BD in city B that only cost $1K a month because most people don't share the space. The share cost is still a function of the actual cost, and easily computable and available in every city. Many people in Seattle split apartments and pay 500-600 per a room. They just aren't forced to because on average per cost of goods they get paid more. If anything Seattle has the calculations set up against it, as it has much much smaller city boundaries than NYC.

Re: Tech takes over: New York is the sector's second city

#182

I am not surprised to read this and also not sure what makes this article/publisher the assumed authority to christened NYC as #2. After Silicon Valley one might argue that Seattle has better tech than NYC but again NYC always has breadth and depth of diverse markets such finance, fashion, ads, hotel, food, law and education to name a few. Not to mention, easy access to EWR/JFK/LGA airports from European continent ma…

Seattle has better connections to Asia, given the way planes travel it is closer to Beijing, Tokyo, Seoul than any other major American city besides anchorage.

It depends on how you define "better."

If by "better," you mean a couple of hours shorter, then Seattle may be better.

If by "better," you mean more frequent flights, more airline choices, more destinations, and more business/first class opportunities, then New York beats Seattle with just one of its three international airports. (Four if you count Stewart.)

Re: Tech takes over: New York is the sector's second city

#183
post #14

Earlier quoted context omitted.

You can always move to central Jersey and take a train

How long is the train ride usually? I've never been to NY

I'd say around 40 minutes + whatever traveling you do within the city. It's pretty common for people in areas like Piscataway.

Re: Tech takes over: New York is the sector's second city

#184
post #66

Earlier quoted context omitted.

No I am thinking about my family and I and our experiences living there. When I say Pollution, I am not just saying air pollution. I physically felt dirty the minute I stepped out into the street after getting ready for work. I would wash my hair and it would streak of dirt. The subway is absolutely filthy. Bathrooms anywhere but expensive restaurants are filthy. Sidewalks were filthy. Streets are filthy. The water t…

> When I say Pollution, I am not just saying air pollution. I physically felt dirty the minute I stepped out into the street after getting ready for work. I would wash my hair and it would streak of dirt. The subway is absolutely filthy. Bathrooms anywhere but expensive restaurants are filthy. Sidewalks were filthy. Streets are filthy. The water that pools up at the sides of crosswalks was everywhere -- and was filth…

I was in NYC over the long weekend (I'm from Boston), and I can say wholeheartedly that the entire city is filthy. I'm sure relative to what it used to be, its alot cleaner. But relative to most other places, NYC is one giant pile of garbage. (For the record I love the city, and would consider moving there.)

Re: Tech takes over: New York is the sector's second city

#185

Earlier quoted context omitted.

I can’t trust any of these comparisions because it’s difficult to compare apartments across cities. Average apartment costs in new york are meaningless. I know of no one paying 3k per month. Usually it’s between 1k-1.5k, which completely changes this graph.

Please tell me where anyone is paying 1k-1.5k for an apartment in NYC. I am paying 2700/mo for 650 sqft, 45 minute commute from midtown, and I haven't seen anything better without a longer commute. Studios in my neighborhood are 1.6k+, and I am not in a happenin' place.

You can get 650 sqft in midtown or the surrounding neighborhoods for 2700, probably in an okay doorman building even.

Re: Tech takes over: New York is the sector's second city

#186
post #167

Earlier quoted context omitted.

Do you have any idea how big Brooklyn is?

Since this comment is attempting to be pedantic, I'll give you a pedantic answer: Yes I have access to google maps just like the rest of the world. Serious answer: Yes, the landmass that constitutes Brooklyn is large . The landscape of the main neighborhoods that have gentrified over the years are not so big. If you actually live there you know which parts I am talking about.

> The landscape of the main neighborhoods that have gentrified over the years are not so big

What are you talking about? By area, Brooklyn is more gentrified than not-gentrified.

Re: Tech takes over: New York is the sector's second city

#187

"official" FTEs is one way to slice it, but kind of dumb. Seattle is home to two of the five biggest tech companies in the US. Boston has had an IPO every year for the last ten years that exceeds any in NYC history. LA has had the only 11-digit IPO in the last five years, outside of the bay area. It's also capturing the zeitgeist in a way that NYC no longer does (that's subjective, of course, but I'd debate it). Just…

Who are you thinking of in Sydney?

1. Atlassian 2. Canva? 3. ??

I can’t think of anything else big and “impressive”. Who am I forgetting?

Re: Tech takes over: New York is the sector's second city

#188
post #58

Earlier quoted context omitted.

Having lived in both SOMA and the Mission, I wholeheartedly disagree. The vast majority of people I met at coffee shops, restaurants or bars in the city worked in tech. Living in Manhattan (East Village) and Brooklyn provided a completely different experience. It was a rare to meet people who work in tech. In both circumstances, I haven't been going out of my way to try to meet people in any specific industry.

> Having lived in both SOMA and the Mission, I wholeheartedly disagree. No need to rely on anecdotes though. According to San Francisco’s Controller’s Office, a little over 6% of the population work in the tech industry[1]. That is an unquestionably small minority of the overall population. If the people you have met predominantly worked in tech, it is likely due to a bubble you created yourself. Perhaps, for example…

I couldn't find a more recent source (this is from 2013), but it claims that 12% of SF (San Francisco-San Mateo-Redwood City, CA) jobs are in "high tech" and 29% of San Jose-Sunnyvale-Santa Clara, CA jobs. My guess is the difference between the two sources is that yours is looking at the whole population, which would include children and retired folks.

Close to a third of jobs in one region being in tech is an insanely high number, and it's no wonder that people would feel that the Bay Area is lacking diversity.

https://web.archive.org/web/20130308072135/http://www.bayare...

Re: Tech takes over: New York is the sector's second city

#189

What is Boston doing wrong? In the 80s thanks to the 128 Tech Row, it was on par with Silicon Valley as the top spot, then it lost ground and now NYC is considered #2? We have the highest concentration of collegiate tech talent, the same weather as NYC (obviously worse than SV), lower cost of living than both cities, and there's been a ton of investment in real estate for tech companies in the Seaport District. Too l…

Culturally speaking, why does Boston's nightlife end so early in the evening?

Historically, it might be because the T (the Boston Subway) doesn't run 24 hours, it shuts around 1am, so most people have to make arrangements to get home well before then or risk having to take a pricey cab home.

Re: Tech takes over: New York is the sector's second city

#190
Is a retail business really a tech business?

The article says, "tech companies -- defined as those whose principal business is tech and its applications" but then their examples are companies that are largely shops. There's nothing wrong with shops(!!) but these people aren't developing any technology, and aren't really taking advantage of new technology any more tahn (and probably less than) Target, Wal-mart or McDonald's. Perhaps a better way to put it is we call UAL, AA, etc "airlines" rather than "aircraft companies". We don't call comcast, or sprint "tech" companies even though they have a lot of engineers on their staff.

In one sense, who cares? If these companies are successful and good for their customers, employees and investors that's great.

(of course to me Cummins engines and 3M are pretty high tech businesses too, even if little computation or electronics is discussed by them).

But I am quite interested in tech businesses and products, and this all seems a bit weird.

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