Submitted by rootbeer_racinette t3_zfxjr2 in nyc
NetQuarterLatte t1_izeqx8u wrote
The article should've mentioned the empty storefronts all over town.
Meanwhile, the NYC Council is trying to make it harder and riskier for businesses to hire people. Disproportionately harder for smaller businesses.
occasional_cynic t1_izf0i2q wrote
Confession: Don't live near NYC anymore.
But, I do visit frequently. In 2019 was when it really hit me how many empty storefronts are in Manhattan. By my last visit late last year it had gotten so much worse.
As for the city council - this is the voters' fault. They keep placing professional activists there instead of those who have accomplished something and have knowledge of how things work.
socialcommentary2000 t1_izg4p47 wrote
Commercial real estate is a financialized mess now.
reignnyday t1_izhg40e wrote
It sucks because the only places that can open are mass chains that have the capabilities to do so. Totally stunts the development that has made NYC so special over the past few decades with small mom and pop shops.
I don’t need another Cava, just salad, etc
brianvan t1_izeyqm8 wrote
So it should instead be too risky to work for anyone?
NetQuarterLatte t1_izf1jfb wrote
>So it should instead be too risky to work for anyone?
Employees should have negotiation leverage by being able to easily change jobs.
That famed bill will protect a minority of employees (who would've otherwise be fired), but it would weaken the available opportunities for everyone else. Ultimately, that will only help the big employers and the few employees who are no longer fit for their position.
brianvan t1_izf3cl4 wrote
Great. So then you don’t mind that we pass strong antitrust legislation that prevents industry consolidation above nominal market shares, and imposes stiff criminal penalties for collusion and union-busting? Sounds like you prefer a competitive market rather than one tied up in unilateral control from governments or corporations.
NetQuarterLatte t1_izf4jh2 wrote
Yup. Employer collusion distorts the market, so employers colluding against the employees hurts all the employees. Post-employment non-compete clauses are also really problematic, in my view.
On unions, I don't mind company-specific unions, though if we get to that point, in my opinion, the market should've been competition-friendly enough so that the employees should be empowered to just walk to a competitor or quit en-mass and create their own company...
However, I oppose industry-wide unions, because that also tends to hurts small businesses and most employees.
brianvan t1_izf56gg wrote
I think the point is that, while some of this stuff makes sense, any system has to work as a whole and not just add or remove discrete parts. The system we’re talking about is an ideological finish line that hasn’t been achieved. The system we actually live with fails workers constantly because legislators have removed worker protections while adding owner/stockholder safeguards across the board. Any new measure to strengthen workers’ position moves us a step away from the “free market” ideal but we’re nowhere close to it to begin with.
NetQuarterLatte t1_izfbs2f wrote
I think there's no finish line.
The fact that we have tons of empty storefronts and empty office space suggests it's too hard for new businesses to be created.
If existing employees are stuck in shitty jobs because they employers suck, creating new opportunities will move the needle on job safety and empowerment more than any regulation that intents to improve workers' position.
On the other hand, if we had physical limitations on commercial space available (all storefronts busy, say with skyrocketing commercial rents), I think the marginal low hanging fruit would be different and my criticism would be aimed at something else.
brianvan t1_izfcjaf wrote
Offices and storefronts are empty because landlords require a small fortune to lease one
NetQuarterLatte t1_izfd69w wrote
Retail and office rent in NY have been declining almost every quarter since 2020. Meanwhile, vacancy is increasing.
brianvan t1_izfedxl wrote
erm that data says it’s positive-trending.
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