LA experienced an economic recovery during the second half of the 1990s, but it wasn’t enough to overtake New York. In 1980, New York and Los Angeles had nearly equal per-capita incomes. By 1999, per-capita income in the New York metro area was about $51,500 as compared with $42,500 for LA.
The New York metro area, despite the Sept. 11 attacks and the financial crisis, also grew its income slightly faster than Los Angeles during the 2000s. As a result, instead of having lost its economic crown to Los Angeles, New York’s metro-area income is now 85 percent larger than Los Angeles’s — a wider margin than in 1977, when Reggie Jackson won World Series for the Yankees by hitting three home runs in Game 6.
Sunday, June 8, 2014
New York Is 85 Percent Better Than LA
Nate Silver writes:
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