This story is consistent with what I’ve been hearing, and it suggests that the growing unionization of the New York metropolitan workforce is being driven by strength in the real estate sector.
It’s going to be a strong few years for new construction in the Tri-state area. Hudson Yards is now seriously getting underway; the Cornell-Technion project is gaining momentum; and the redevelopment of the World Trade Center continues. Add to these the residential booms in Northern Brooklyn and Western Queens; the blue-collar renaissance of the West Bronx; de Blasio’s push for more affordable housing units, citywide; the commodification of NYC residential units, and the sliverscrapers it has spawned; and the potential upzoning of East Midtown; and it’s hard to miss seeing that New York real estate is entering a significant phase of expansion. If confidence fades, this could change, but a lot of these projects are already approved and financed, and right now the momentum remains strong.
This, right now, is a heyday for New York City. America may still be in moderately bad shape, post-2008, but New York City has never been wealthier, safer, more polished, or more in demand. The uptick in local construction activity is creating a lot of new union jobs in Greater New York, which is good for working people’s incomes — and it signals their growing political clout, as well.