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Gambit article: "Is NOLA Worth It?"

Posted on 8/22/17 at 11:06 am
Posted by THRILLHO
Metry, LA
Member since Apr 2006
49487 posts
Posted on 8/22/17 at 11:06 am
LINK

good read on the city's pisspoor white collar job market balanced against the issues with the city (it doesn't really get into crime):

quote:

Michael Hecht, CEO of the economic development organization Greater New Orleans Inc. (GNO Inc.), says young people are arriving to take advantage of the area's storied culture; a lower cost of living than in major metro areas such as New York, San Francisco or Chicago; and the sense of purpose offered by a city on the mend. But some of those same young people are quietly expressing doubts about the viability of remaining in New Orleans. They're talking about a perceived lack of career opportunities, compensation they say hasn't kept pace with the rest of the country, and a cost of living (particularly in terms of housing) that strains people at all but the highest income levels. There's also frustration over what many characterize as widespread institutional failure, from crumbling infrastructure to a network of local schools that varies wildly in quality — a serious drawback for people ready to start families.


quote:

But inconveniences often have financial implications. New Orleans' public transportation system is widely viewed as unreliable, making it difficult to get around without a car — which then requires insurance in one of the country's most expensive markets. Infrastructure issues can lead to pricey car repairs. Uneven school quality can mean overpaying for an apartment, like Bolles and her partner, who stayed put for many years so their eldest son could attend Lusher Charter School. "[The good schools] are not attainable for most people who live in the city," Bolles says. "We want to stay [in New Orleans] ... but it would be a disservice to our children not to move."


quote:

A 2015 summary of Brookings Institution research reported that seven out of 10 jobs being created in New Orleans are in "low-wage" industries, such as tourism, retail and administrative services. The labor market analysis group Emsi found that 36 percent of New Orleans' job growth since 2010 has been in restaurants alone. A July 2016 Bureau of Labor Statistics report identified wages below the national average throughout New Orleans, but particularly in professional occupational groups. In management, business and financial operations and computer and mathematical fields, wages were 14 to 19 percent lower than the national average; health care and support professionals are paid 13 percent less. A 2015 Data Center report focused on low-wage workers found that almost 60 percent of jobs across the region in 2011 paid less than $39,996 per year.
Posted by RedPop4
Santiago de Compostela
Member since Jan 2005
14392 posts
Posted on 8/22/17 at 11:08 am to
Uh oooooooooh, when Gambit bails....
Posted by JS87
Member since Aug 2010
16643 posts
Posted on 8/22/17 at 11:13 am to
But, but, but, I thought Mitch said all of the young minorities were leaving the city because of those oppressive statues!
Posted by Lakeboy7
New Orleans
Member since Jul 2011
23965 posts
Posted on 8/22/17 at 11:14 am to
quote:

young people are arriving to take advantage of the area's storied culture; a lower cost of living than in major metro areas


Awright

quote:

and a cost of living (particularly in terms of housing) that strains people at all but the highest income levels.


Ok
Posted by SuperSaint
Sorting Out OT BS Since '2007'
Member since Sep 2007
140462 posts
Posted on 8/22/17 at 11:17 am to
That's kinda rough
Posted by NIH
Member since Aug 2008
112544 posts
Posted on 8/22/17 at 11:19 am to
But, but another hotel is about to open up!!


New Orleans white collar job market is depressing
Posted by Epic Cajun
Lafayette, LA
Member since Feb 2013
32344 posts
Posted on 8/22/17 at 11:20 am to
quote:

"Is NOLA Worth It?"

It's my favorite city in the world, but I decided that it wasn't worth it for me.
Posted by ellishughtiger
70118
Member since Jul 2004
21135 posts
Posted on 8/22/17 at 11:20 am to
quote:

New Orleans white collar job market is depressing


I don't see it in my social circles. You must hang out with blue collar types.
Posted by whoisnickdoobs
Lafayette
Member since Apr 2012
9352 posts
Posted on 8/22/17 at 11:22 am to
Pretty sure there are 5 Jobs in New Orleans...

Waiter
Cook
Stripper
Bartender
Uber Driver
Posted by notiger1997
Metairie
Member since May 2009
58088 posts
Posted on 8/22/17 at 11:22 am to
quote:

Uh oooooooooh, when Gambit bails....



Gambit loves writing stuff like this. Nothing surprising.

I can't say I disagree with much in this article though. It is a tough market with insane real estate pricing. Think how hard it is for the working poor.
Posted by NIH
Member since Aug 2008
112544 posts
Posted on 8/22/17 at 11:28 am to
Anecdotal evidence is useless

How many publicly traded companies have HQs or significant offices in New Orleans?
Posted by tgrbaitn08
Member since Dec 2007
146214 posts
Posted on 8/22/17 at 11:31 am to
quote:

Pretty sure there are 5 Jobs in New Orleans...



Medical
Finance
Attorney
Professor
Restaurant/Bar Owner
Posted by notiger1997
Metairie
Member since May 2009
58088 posts
Posted on 8/22/17 at 11:33 am to
Hotel and restaurant GMs do well and bigger places
Posted by ellishughtiger
70118
Member since Jul 2004
21135 posts
Posted on 8/22/17 at 11:36 am to
I know so many financial advisors. I really don't get it, taking care of ole money I guess.
Posted by tgrbaitn08
Member since Dec 2007
146214 posts
Posted on 8/22/17 at 11:38 am to
quote:

I know so many financial advisors.


No kidding...I know so many young guys in finance in this city it's mind boggling.
Posted by notiger1997
Metairie
Member since May 2009
58088 posts
Posted on 8/22/17 at 11:41 am to
quote:

I know so many financial advisors. I really don't get it, taking care of ole money I guess.


I feel for most of those people. I know several and they struggle.

Some other notes- Shell still has over 1500 workers in Nola and all make over $100K a year. The medical industry continues to expand with those doctor and nurse jobs among others.
In my circle of friends we have lawyers, bankers, a CFO, shipping industry folks, small business owners, etc.

As I said, it's not a great situation overall in regards to white collar jobs. Still probably better than it's been in 30 years. The problem is the rent/home prices have just gotten stupid and the crime has crept up again.
Edited to change 150 to 1500. I left off a 0.
This post was edited on 8/22/17 at 12:59 pm
Posted by RedPop4
Santiago de Compostela
Member since Jan 2005
14392 posts
Posted on 8/22/17 at 11:42 am to
Clancy loves him some Democrats, though, for him to allow this...
Posted by Breesus
House of the Rising Sun
Member since Jan 2010
66982 posts
Posted on 8/22/17 at 11:43 am to
Yankee carpet baggers can frick off.

Yes Nola us worth it.
Posted by NIH
Member since Aug 2008
112544 posts
Posted on 8/22/17 at 11:43 am to
I'm not sure how you could argue the white collar workforce is better than it has been in 30 years? Hell, your example of Shell alone attests to that.
Posted by tigerpimpbot
Chairman of the Pool Board
Member since Nov 2011
66881 posts
Posted on 8/22/17 at 11:44 am to
quote:

the sense of purpose offered by a city on the mend


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