There are a couple of posts in the NYTimes today that are full of praise for the economic recovery of Pittsburgh. (Here and a Krugman post here.) So, I thought I’d throw in my 2 cents.
First, I love it here. People are just nicer than they are in Jersey. And there are fewer of them.
Second, it is true that you can get higher incomes in places like Boston and San Francisco. A lot of people who lost their good salaries in NJ due to Pharmageddon decided to try their luck in Massachusetts because that’s where all the lemming CEOs pharma companies relocated a fraction of their workforce and where there are a bunch of start up companies. And I thought about that- for about 15 seconds.
Although the chances of finding a job up there for me is slightly greater than in NJ, job insecurity comes with it. I heard from a lot of people who were transferred there or got a job in a start up there or were already working there and they hated it. They were scared to death of losing their jobs, the cost of living was astronomical and the commute from the burbs to Cambridge proper is ridiculous. It was even more ridiculous when you consider that even with their good salaries, they couldn’t afford to live close to work. So, I crossed it off my list. I didn’t want to drag a teenager to a place where I could lose another job and spend all my money on rent and taxes because my salary was high. It sounded like an unreasonably risky thing to do for a job. I have no idea what the bonus class is thinking but I think it has something to do with the status of being near Harvard and MIT. In my humble opinion, that is not a good enough reason in the age of internet to risk your staff’s domestic security and increase its precariousness. Precariats are under too much stress to be innovative creative types. You can’t whip and threaten them and expect them to discover all the time. Nah-gah-happen.
When I sat down and did the math, I figured that I could have the same standard of living in Pittsburgh, on a much more modest salary, as I would in Cambridge or NJ AND because I own my home without a mortgage, I am not in danger of losing my house if the job goes away. I can eek out a living here as a bartender and still live reasonably well. Fortunately, I won’t have to relearn how to pour but if I had to, it wouldn’t have been an issue.
So, I’m glad that Pittsburgh is now being held up as a model of urban renaissance because it deserves it, although it would be great if the bus capacity went back to what it was 20 years ago.
Filed under: General | Tagged: Boston, cost of living, income, pharmageddon, Pittsburgh, standard of living | 7 Comments »