New York is emerging as one of the world's most resilient cities in the wake of the pandemic.

Its success is more than just its size — it’s the Big Apple’s model of urbanism that offers something no other American metropolis can match trib.al/0SEiY77
New York was the first big city in the U.S. to be hit hard by Covid-19.

Immediately, people began predicting the pandemic would trigger a backlash against dense urban living. A wave of murder and violence followed the 2020 Black Lives Matter protests trib.al/0SEiY77 Image
For some cities like San Francisco, the exodus seems real.

But more people moved to the New York City metropolitan area during the Covid pandemic than moved out, according to an analysis of cell phone data.

Young people are especially eager to move in trib.al/0SEiY77 Image
How did New York City remain such a popular destination despite all its formidable challenges?

Economists’ go-to explanations are called agglomeration and industrial clustering effects: big cities tend to stay big, and rich cities tend to stay rich trib.al/0SEiY77 Image
New York is the home of many high-value industries, among them finance and publishing.

Those industries keep a large, well-educated population of knowledge workers in the area, which draws in other companies — most recently, tech firms
trib.al/0SEiY77 Image
For New York to go into a sustained decline would take a massive catastrophe — something big enough to remove the nucleus of companies and skilled workers completely.

Covid-19 simply wasn’t that. Neither was 9/11 trib.al/0SEiY77 Image
Such population declines have happened.

The Detroit area, for example, has been bleeding population for decades: Image
New York City towers over all American cities by population density. The city has more than 28,000 inhabitants per square mile.

Second-place San Francisco has only about 18,000 trib.al/0SEiY77 Image
New York City's population density allows a kind of urban living that nowhere else in America can offer on such a large scale:

🌆Walkable streets
🫂Serendipitous meetings
🛍️Vibrant downtown retail areas
trib.al/0SEiY77 Image
New York’s unique culture is its other big draw. By some measures, it’s the most diverse city in the world.

It’s also safe for an American city and has a murder rate well below the national average trib.al/0SEiY77 Image
Density also enables New York to have by far the best metro rail system in the country. The New York City Subway is ahead of anything Chicago or Boston has to offer.

Being able to get most places in the city by train is convenient and liberating trib.al/0SEiY77 Image
New York City is plagued by an affordability crisis, and its excessive construction costs and dilapidated infrastructure are legendary.

To maintain its density and functionality, the city will have to learn how to build things again trib.al/0SEiY77 Image
As long as New York remains America’s most functional large city, it will continue to exert an irresistible magnetism.

Only if another U.S. city decides to convert itself into a hyper-dense train-powered metropolis will New York have any real competition trib.al/0SEiY77 Image

• • •

Missing some Tweet in this thread? You can try to force a refresh
 

Keep Current with Bloomberg Opinion

Bloomberg Opinion Profile picture

Stay in touch and get notified when new unrolls are available from this author!

Read all threads

This Thread may be Removed Anytime!

PDF

Twitter may remove this content at anytime! Save it as PDF for later use!

Try unrolling a thread yourself!

how to unroll video
  1. Follow @ThreadReaderApp to mention us!

  2. From a Twitter thread mention us with a keyword "unroll"
@threadreaderapp unroll

Practice here first or read more on our help page!

More from @bopinion

21 Sep
Eighteen months into the pandemic, we’re entering a new phase. While we have better Covid protection from vaccines and natural antibodies, we’re also returning to high risk environments like night clubs and offices.

What does that mean for face masks? trib.al/ntQaaQY
Research suggests that most of us can de-mask without guilt or worry in many instances — and not just outdoors.

Unfortunately, that doesn’t mean ditching masks entirely. Instead, it’s time to get tactical trib.al/ntQaaQY
Numerous studies have shown masks help a lot:

Transmission is most reduced when an infected person wears a mask. But wearing a mask also protects you from getting the virus.

If both parties wear a mask, the risk of transmission drops by more than 90% trib.al/ntQaaQY three photos of two people stood together. when the uninfectline chats showing risk of infection being reduced when ever
Read 15 tweets
19 Sep
With millions of kids going back to school in September, their movements are frequently tracked by parents.

The idea of digitally surveilling kids is a tricky one. Keen parents seem largely oblivious to the institutional concerns about the practice trib.al/h0I0qfW
.@parmy talked with about a dozen British parents sending their 11-year-olds to secondary school with phones.

About three-quarters said they would monitor their child’s movements through an app of some sort, largely for safety reasons trib.al/SOm7D7w Image
Various institutions aren’t fans of parents tracking their kids' phones.

Ireland’s data protection regulator says in its draft guidance that geolocation tracking should be turned off “by default for child users” trib.al/SOm7D7w Image
Read 10 tweets
18 Sep
The world’s largest battery manufacturer — China’s Contemporary Amperex Technology — has officially unveiled a sodium-ion battery.

This technology could lead to widespread adoption in a market largely dependent on subsidies trib.al/vdv96sd
Sodium-ion batteries currently have a relatively lower energy density, but they run better at cooler temperatures and have a greater life span.

This makes them a better long-term investment trib.al/vdv96sd Image
China’s Ministry of Industry and Information Technology said it would drive the development, standardization and commercialization of sodium-ion batteries.

This would provide a cheaper, faster-charging and safe alternative to the current crop on offer trib.al/vdv96sd Image
Read 9 tweets
16 Sep
Never ones to miss a chance to cry “hardship,” upper-middle-class, well-educated young Americans are getting in on the Chinese “lie flat” social protest movement, claiming they, too, are burned out and quitting their jobs to do nothing trib.al/e5rjiys
It started among Chinese factory workers burned out from grueling 12-hour, six-day work weeks, and the unrelenting pressure to climb the economic ladder.

So some Chinese millennials formed a movement to opt out of work and the pressures of society trib.al/e5rjiys
What this trend will mean for China is unclear, but Americans who choose to lay down in lieu of work may end up worse off than they think trib.al/e5rjiys
Read 12 tweets
15 Sep
On Labor Day, 7.5 million Americans lost their federal unemployment benefits, and another 3 million unemployed lost the $300 bonus that had been in place since March.

That’s a lot of people with no immediate way to support themselves and their families trib.al/pK04k9j
What would Franklin Roosevelt — who put America to work during the Great Depression — make of the way Washington has responded to this economic crisis? twitter.com/i/broadcasts/1…
The New Deal’s attack on the Great Depression had four main components:

💵Temporary direct relief for the impoverished
🔐A stronger social safety net
🇺🇸An expanded regulatory state
💼Jobs for the legions of unemployed
trib.al/pK04k9j
Read 15 tweets
14 Sep
18-year-old Emma Raducanu is taking the tennis world by storm.

Her victory in the U.S. Open turned her into one of those athletes who you can’t help but watch and want to know more, or even pick up a racquet trib.al/VKDcbjm
How big is this win? @ThereseRaphael1 asked Michel Masquelier, former chairman of IMG Media.

“It’s as good as it gets,” he says. “Tennis is an individual sport, so any individual who shines on that stage is instantly recognizable” trib.al/VKDcbjm Image
Alongside her championship title, Raducanu has other force multipliers for propelling celebrity and commercial success. There’s her international reputation:

🇨🇳Chinese mother
🇷🇴Romanian father
🇬🇧Raised in Britain
🇺🇸Shot to fame in the U.S.
trib.al/VKDcbjm Image
Read 13 tweets

Did Thread Reader help you today?

Support us! We are indie developers!


This site is made by just two indie developers on a laptop doing marketing, support and development! Read more about the story.

Become a Premium Member ($3/month or $30/year) and get exclusive features!

Become Premium

Too expensive? Make a small donation by buying us coffee ($5) or help with server cost ($10)

Donate via Paypal Become our Patreon

Thank you for your support!

Follow Us on Twitter!

:(