The NY dollar is only equaled to $0.76 compared to the American dollar. Costs to build and live in NY exceed other American cities significantly. I think when people weigh the opportunity costs of living in NY the pros beat the cons. It is expensive, but wages are higher, and because there are no other cities quite like it (being the hub of business/stock market/foreign interaction) people are immediately and inevitably attracted. The fact that the NY dollar has a value decrease is negligible compared to what you are getting in return.-Hayley O'Neil
Welcome to Rye Country Day's Economic Blog. Here you will find perspectives by students taking Economics at Rye Country Day School. It is meant to be a forum where students can openly express their ideas and take positions on relevant economic issues. I urge everyone to participate in presenting their own ideas in an open manner so that we can all learn from each other. Regardless of whether you are currently taking Economics, everyone is invited and encouraged to comment on articles and get involved. Feel free to e-mail me, Alex Osborne at email@example.com , with comments or suggestions.