Streams

Sandy and Jobs

Thursday, November 29, 2012

Governor Cuomo meets with New York's congressional delegation and county executives to discuss the financial impacts of Hurricane Sandy. (Courtesy of the Governor's Office)

Greg David, director of the Business & Economics Reporting Program at CUNY Journalism School, contributor to Crain's New York Business, and author of Modern New York:The Life and Economics of a City, looks at the effect of Sandy, and the clean-up, on the area's employment picture.

Guests:

Greg David

Comments [14]

It's beyond me why WNYC keeps going back to the pundit well for a larger gulp of Greg David KoolAid. Do you actually read this feedback? Do you detect a trend? Take a look.

I do agree with him on one thing--let's get WalMart in town. We can use them as a sea wall in the Rockaways. After exploiting workers for a few years and sucking local businesses dry, Hurricane Selena '20 will come and wash Walton's legacy into the Atlantic.

Nov. 29 2012 10:46 PM
RBC from NYC

I've listened to Greg David on this show and I read his column in Crains. He always wears rose colored glasses when it comes to economic issues. I love how he believes that everything in the region is just hunky-dory since coffee shops in Westchester were packed after the storm.

Well Mr. David, maybe you should visit the Coney Island peninsula. We're slowly coming back, but 1/3 of our businesses are still closed - including Nathan's. Most bank branches still haven't reopened. About 95% of the cars on the streets have to be replaced because the sea surge during the storm disabled them. The Trump Village and Warbasse apartment developments (population of approx 30,000) only have one functioning supermarket. Homes on the far sides of the peninsula (Sea Gate to the west and Manhattan Beach to the east) have homes that were completely destroyed. Some apartment buildings still don't have heat and hot water because the basement boilers (also destroyed by flooding) need to be replaced.

Also, the job loss issue is real. Mr. David should also take a tour of Water Street in Manhattan where every building on the street from South Street Seaport to South Ferry are now vacant. The salt water surge destroyed mechanical systems in the basements - i.e. wiring, plumbing, heat and air control, fire alarms. Since there are no office workers down there, almost all the businesses that catered to the office workers are now closed - restaurants, cellular stores, mailing/shipping posts, cleaners, salons, florists, clothing stores. Even the street vendors are no longer present. Many people employed in these small businesses worked hourly and now their pay check is gone.

These are HUGE economic losses for the city.

Nov. 29 2012 11:50 AM
Bob from Westchester

@foodaggro from Brooklyn: Greg David always pontificates on the world from his very personal narrow perspective, with no connection with the rest of us. My favorite example: last year he declared on this show that the recession was over, based on the fact that HIS daughter had gotten 5 interviews upon graduating college (not jobs, but interviews). Seriously - the daughter of a CUNY dean, former Crain's editor and WNYC pundit getting courtesy job interviews was a leading economic indicator in his world. Must be nice.

Nov. 29 2012 11:34 AM

...more to the point:

Greg David is a COMPLETE moron.

Nov. 29 2012 11:25 AM
John A.

Did Greg take virtually the entire segment to get to the point of suggesting that rebuilding on the coast should be limited? Whatever.

Nov. 29 2012 11:24 AM
fuva from harlemworld

Greg David's credibility is...sketchy.

Nov. 29 2012 11:22 AM
Bob

Gov. Cuomo released emergency unemployment insurance due to Sandy, yet any new claims made for the week of the storm are not covered due to the standard 1 week waiting period rule in effect for non-emergency unemployment insurance. This seems counter to the purpose of this special Sandy relief. Waiving the 1 week waiting period in this case would be beneficial to many who have been affected for that week.

Nov. 29 2012 11:22 AM
Amy from Manhattan

Mr. David seemed to dismiss the idea that any federal disaster money should be for "improvements." But if the funds are for improvements made to reduce the effects of future severe storms, I think that's entirely appropriate.

Nov. 29 2012 11:21 AM
fuva from harlemworld

We need local forums -- well publicized and planned, and appropriately scheduled -- in every borough, to collectively examine the question of how much damage and how much bailout. Citizens should be involved in the calculation.

Nov. 29 2012 11:20 AM
art525 from Park Slope

This was the worst storm certainly in my lifetime. There are thousands of people who are displaced. There are lots of people who still don't have heat and electricity. There is an incredible task that we face to bring things back to normal. But Jojo thinks it's time to stop dwelling on Sandy. Nice.

Nov. 29 2012 11:19 AM
Tom from Toronto

Excellent guest. He debunked so much of the hotair coming from the Pols.

Nov. 29 2012 11:15 AM
jgarbuz from Queens

To say that destruction is good for the economy is absurd. It is however true that some employment is created in rebuilding, but it takes time to make up for the overall losses caused by destruction.
For example, we destroyed much of Germany's and Japan's economic output by bombing them to rubble in WWII. But eventually, over the following 20 years or so, the old destroyed factories and homes were replaced by more modern and efficient factories and homes, so that by the mid 1960s Germany and Japan recovered the losses they experienced in WWII.

There may be short term gains for some workers, but the overall recovery of the losses take many years to make up for.

Nov. 29 2012 11:12 AM
Jojo

WNYC should adopt a new motto: "all Sandy all the time." How much more "news" (i.e. human interest) can be milked from this storm a full month later?

Nov. 29 2012 11:11 AM
superf88@gmail.com

Obviously Sandy has created massive demand for immediate low and medium skilled workers.

But who will pay?

Does Mr. David, who seems to argue from the perspective of a "free market," suddenly believe in safety nets -- now that his patrons had their docks splintered?

And, if he thinks that American taxpayers ought to cough up tens of billions of dollars to help fix this private property disaster, is that money best spent on sandbags -- or on solving climate change?

Nov. 29 2012 10:20 AM

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