[tomtheelder]

Unlike Detroit, NYC has a very diversified economy. In addition to being the primary finance capital it is a major international player in media, art, fashion, tech, and more. NYC is simply not utterly dependent on finance in the way Detroit was on manufacturing- or SF is on tech, for a modern example.

I think that’s what has made it, and the other global cities like it, so extremely resilient over a long period of time. That and financial services being, thus far, an evergreen industry.

[caddemon]

Finance is pretty meta itself, which is probably a contributing factor to NYC having such a diversified economy. Like an automotive company might still want a business-focused office in NYC, but a non-automotive company doesn't have much reason to open an office in the auto manufacturing capital.

[pclmulqdq]

So was manufacturing. I will say that Detroit was probably over-indexed on auto workers more than other kinds of manufacturing.