The Meltdown and the Middle Class

Location: Can I get you to talk about the much discussed report on the middle class that you are working on?

Mr. Bowles: I think one of the things that I’m excited about is that we’re not talking strictly about how to save the middle class. We’re looking at New York’s historic role as a place that groomed a middle class and looking at whether that’s continuing to happen today. We’re going well beyond just the real estate price increases that you’ve seen—and obviously that adds quite a bit of a burden to the middle class in New York—but we’re also focusing on things like the economy, and one of the problems that we find is that there aren’t a lot of middle-income jobs being created in New York City like the ones that were before.  read more »

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