Quote:
Originally Posted by ryan_mcgreal
Looked at differently, 1,500 people losing jobs worth, say, $50,000 a year means $75,000,000 in lost income.
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There are any numbers of ways of looking at the job loss. My point wasn't that the affected workers and their immediate households had no value, but that the impact was relative. Particularly to the early '80s recession cutback, which was felt much more acutely across the city. The average age of the affected workers in this economic climate is a unique challenge going forward, and replacing high paying jobs will not be an easy task, but it's a necessary part of evolving as a city of creative professionals. It happened at a grim time but that's probably when it was bound to happen.