Opinion| Ahe| NYC Mayor Bill de Blasio says that businesses can survive several more months of shutdown in his caliphate.
A report by the Empire Center’s E.J. McMahon said otherwise as they point out that NYC’s hospitality sector has shed 68% of their jobs and many more could lose their jobs due to the draconian measures taken by the socialist mayor.
The city’s unemployment rate jumped from 4.1% to a whopping 14.2% from March to April. The real estate market in NYC has practically collapsed as many individuals and businesses are unable to pay their rent.
But de Blasio said:
“I’ve talked to lots and lots of business leaders, especially the smallest businesses. They’re very worried about their futures understandably, but they also are hanging on and they know it can be a matter of months until they’ll be back in action.”
The mayor’s comments come as a new Department of Labor data release shows that the city has lost 21.8% of private-sector jobs since this time last year — far outpacing the national figure of 14.5%. Also, the city’s unemployment rate jumped from 4.1% to a whopping 14.2% from March to April.
But the mayor brushed aside the caller’s “doomsday” concerns and responded, saying, “I couldn’t disagree more with that core analysis.”
“Rushing back is consistently proven to have the boomerang effect and make things worse and cause bigger shutdowns because it’s not just about a small number of particularly vulnerable people,” he added.
Democratic City Councilman Mark Gjonaj, who chairs the small business committee, slammed the mayor’s remarks, saying the mayor is “setting up the city for failure.”
“Out of all the things that have come out of his mouth this is the most outrageous. He lives in a de Blasio land. That is the furthest thing from the truth,” Gjonaj said.
In his radio interview, de Blasio specifically mentioned that small businesses would be able to manage over the coming months, but an independent nonprofit is saying the opposite.