Brian Laird on WNYC.

Now to some reporting on the state of New York City's economy right now.

My guest who'll join us in a minute is Greg David, who many of you know.

He's reported on the local economy for many years. these days at the nonprofit news organization, The City. He has a few

recent stories that add nuance to the notion of a robust economic recovery from the pandemic

in New York City. We'll talk mainly about three of those stories which get a growing wage

and equality. Wall Street's resilience

as a local economic sector, and what he calls the deafening silence of business leaders in the

face of political turmoil. That means Eric Adams scandals. The bottom line, Greg reports, is that

it's high-wage workers seeing the most

significant gains, while lower-wage New Yorkers struggle to keep pace. Wall Street, meanwhile,

is having an outsized impact on the city's economy, and one key constituency may still be

backing embattled Mayor Eric Adams, and we'll talk about that.

Greg David, always great to have you. Welcome back to WNYC.

Thank you, Brian. Glad to be here.

And listeners, you can help us report this story on any of those things that we just laid out

212-433, WNYC from your your experience or with your questions for Greg David from the news organization in the city.

212-433, WNYC, 212-433-9692.

Well, let's start with the bad news.

You describe a sort of hollowing out of New York's economy

with significant losses in middle wage jobs. What are you seeing?

Well, the Federal Reserve Bank of New York did a major study they released about 10 days ago.

...