City residents rate our Ferris Wheel economy
The economy moves in cycles — up and down, and then, up and down all over again. President Obama told the nation in his state of the union that under his administration, the nation has added 14 million new jobs. The Republican candidates for president, led by a New Yorker, Donald Trump, are saying just the opposite, arguing that things have gone from bad to terrible, economically speaking. And they are right, at least, that wages remain flat and prices are rising. Investors are worried, too, and have sent the stock market into a tailspin since the start of the year on fears of ever-lower oil prices and uncertain times ahead for China. With things in such flux economically, NY City Lens decided to explore what New Yorkers have to say about how today’s economy is working for them.
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