{"id":293501,"date":"2026-07-11T23:01:47","date_gmt":"2026-07-11T23:01:47","guid":{"rendered":"https:\/\/www.newsbeep.com\/us-ny\/293501\/"},"modified":"2026-07-11T23:01:47","modified_gmt":"2026-07-11T23:01:47","slug":"money-makes-the-city-go-round","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/us-ny\/293501\/","title":{"rendered":"Money Makes the City Go Round"},"content":{"rendered":"<p class=\"css-140ip4z e1me5xab0\">Good morning. It\u2019s Wednesday. Today we\u2019ll look at a plumber who makes a lot of money and young people whose financial struggles have motivated a turn to democratic socialism.<\/p>\n<p class=\"css-140ip4z e1me5xab0\">It\u2019s hard to escape the topic of money.<\/p>\n<p class=\"css-140ip4z e1me5xab0\">It surfaces when people across the country talk <a class=\"css-yywogo\" href=\"https:\/\/www.nytimes.com\/2026\/07\/06\/business\/economy\/gas-station-prices.html\" title=\"\" rel=\"nofollow noopener\" target=\"_blank\">about gas prices<\/a>, and when a family in Cuba living <a class=\"css-yywogo\" href=\"https:\/\/www.nytimes.com\/2026\/07\/07\/world\/americas\/cuba-power-crisis-oil-blockade.html\" title=\"\" rel=\"nofollow noopener\" target=\"_blank\">on less than $60<\/a> for the month needs lunch.<\/p>\n<p class=\"css-140ip4z e1me5xab0\">A man who works at one of the most famous museums in the world isn\u2019t sure how he\u2019s going <a class=\"css-yywogo\" href=\"https:\/\/www.nytimes.com\/interactive\/2026\/07\/06\/nyregion\/nyc-budgeting-affordability-compton.html\" title=\"\" rel=\"nofollow noopener\" target=\"_blank\">to pay off his $100,000<\/a> in student loans.<\/p>\n<p class=\"css-140ip4z e1me5xab0\">At the same time, the joy <a class=\"css-yywogo\" href=\"https:\/\/www.nytimes.com\/2026\/07\/04\/nyregion\/mamdani-world-cup-fifa.html\" title=\"\" rel=\"nofollow noopener\" target=\"_blank\">of the World Cup is stirring debates<\/a> about corporate greed.<\/p>\n<p class=\"css-140ip4z e1me5xab0\">In New York City, the focus on money stretches from those who are surprisingly well paid to those uncertain whether they will ever make enough.<\/p>\n<p>The City Plumber Who Makes Almost $500,000<\/p>\n<p class=\"css-140ip4z e1me5xab0\">Jakub Markowski is a plumber supervisor for the city\u2019s public housing agency. He also runs two private plumbing businesses.<\/p>\n<p class=\"css-140ip4z e1me5xab0\">Last year, my colleague Mihir Zaveri reported, Markowski was paid for almost 2,560 hours of overtime \u2014 bringing his annual city earnings <a class=\"css-yywogo\" href=\"https:\/\/www.nytimes.com\/2026\/07\/07\/nyregion\/nyc-plumber-investigation.html\" title=\"\" rel=\"nofollow noopener\" target=\"_blank\">to more than $465,000<\/a>.<\/p>\n<p class=\"css-140ip4z e1me5xab0\">That was more than what the mayor, the police commissioner, the fire commissioner and the schools chancellor made.<\/p>\n<p class=\"css-140ip4z e1me5xab0\">Now there are questions about whether Markowski made too much money. The sheer volume of hours and pay that he accrued last year would indicate that he averaged seven hours of overtime every day for 365 days.<\/p>\n<p class=\"css-140ip4z e1me5xab0\">The Plumbing Foundation City of New York, a nonprofit trade group, filed a complaint with the Buildings Department last year, raising concerns about Markowski\u2019s \u201cquestionable work arrangements,\u201d according to a June 2025 email sent to the department.<\/p>\n<p class=\"css-140ip4z e1me5xab0\">\u201cEnabling one individual to run a private plumbing business while serving as a city plumbing supervisor and accruing more overtime than any other city employee is beyond wasteful, and it raises serious concerns about the integrity, safety and oversight of NYCHA\u2019s building operations,\u201d April McIver, the group\u2019s executive director, said in a statement.<\/p>\n<p class=\"css-140ip4z e1me5xab0\">Reached by phone on Monday evening, Markowski said he was busy working and hung up.<\/p>\n<p>The Young People Who Think the Economy Is Rigged<\/p>\n<p class=\"css-140ip4z e1me5xab0\">Richard Custodio really wants to get his girlfriend a ring. But rent is so expensive. He\u2019s not sure where he\u2019s going to find the money.<\/p>\n<p class=\"css-140ip4z e1me5xab0\">\u201cPeople are feeling this economic precarity,\u201d Custodio, 28, told my colleague Emma Goldberg. \u201cWhen everything sucks, everything feels really on edge, you\u2019re more open to things changing.\u201d<\/p>\n<p class=\"css-140ip4z e1me5xab0\">Custodio is one of a growing number of young people turning away from the dominant political parties to embrace democratic socialism, <a class=\"css-yywogo\" href=\"https:\/\/www.nytimes.com\/2026\/07\/07\/nyregion\/dsa-economy-nyc.html\" title=\"\" rel=\"nofollow noopener\" target=\"_blank\">Emma reported<\/a>.<\/p>\n<p class=\"css-140ip4z e1me5xab0\">\u201cThey believe the capitalist system is rigged for those at the top,\u201d Jay Jacobs, chairman of New York\u2019s Democratic Party, said.<\/p>\n<p class=\"css-140ip4z e1me5xab0\">The shift helped power two democratic socialists \u2014 Darializa Avila Chevalier and Claire Valdez \u2014 to victories in House primaries last month. They had the backing of another democratic socialist who has captured the support of frustrated young people: Mayor Zohran Mamdani.<\/p>\n<p class=\"css-140ip4z e1me5xab0\">Young supporters of the two candidates cite layoffs in white-collar industries, the threat of job displacement from artificial intelligence, rising costs of living and a sense that money spent on wars could be spent on services.<\/p>\n<p class=\"css-140ip4z e1me5xab0\">Nationally, the job market <a class=\"css-yywogo\" href=\"https:\/\/www.nytimes.com\/2026\/06\/05\/business\/college-graduates-job-market.html\" title=\"\" rel=\"nofollow noopener\" target=\"_blank\">for educated young people is dire<\/a>. The unemployment rate for college graduates between 22 and 27 has been up significantly in the last three years; more than 40 percent of college graduates who are employed held jobs that didn\u2019t require their degrees.<\/p>\n<p class=\"css-140ip4z e1me5xab0\">And even New Yorkers who have low six-figure salaries say they have realized that neither their college degrees nor their high income seem to guarantee a sense of long-term stability.<\/p>\n<p class=\"css-115p88v e1a6ym290\">Weather<\/p>\n<p class=\"css-140ip4z e1me5xab0\">A sunny day is ahead with temperatures near 80. Look for partly cloudy skies tonight and a low around 69.<\/p>\n<p class=\"css-115p88v e1a6ym290\">ALTERNATE-SIDE PARKING<\/p>\n<p class=\"css-140ip4z e1me5xab0\">In effect until July 23 (Tisha B\u2019Av).<\/p>\n<p class=\"css-115p88v e1a6ym290\">QUOTE OF THE DAY<\/p>\n<p class=\"css-140ip4z e1me5xab0\">\u201cThis was crazy heat. This was not your normal heat wave.\u201d \u2014 Dalya Ewais, a spokeswoman for the New Jersey Department of Health <a class=\"css-yywogo\" href=\"https:\/\/www.nytimes.com\/2026\/07\/06\/nyregion\/new-jersey-nyc-heat-deaths.html\" title=\"\" rel=\"nofollow noopener\" target=\"_blank\">on the prolonged heat wave that may have taken the lives<\/a> of as many as 29 people in the state.<\/p>\n<p class=\"css-115p88v e1a6ym290\">METROPOLITAN diary<\/p>\n<p>How convenient<\/p>\n<p class=\"css-140ip4z e1me5xab0\">Dear Diary:<\/p>\n<p class=\"css-140ip4z e1me5xab0\">In the late 1980s, I was an assistant to a best-selling nonfiction writer, Aline Griffith, the Countess of Romanones.<\/p>\n<p class=\"css-140ip4z e1me5xab0\">To publicize one of her spy memoirs, the countess was booked on \u201cLate Night With David Letterman,\u201d where she demonstrated \u2014 to the hilarity of the host and his audience \u2014 how to roll a newspaper into a rapier sharp enough to stab a man to death.<\/p>\n<p class=\"css-140ip4z e1me5xab0\">While arranging her appearance in those pre-internet days, I had several phone conversations with one of David Letterman\u2019s assistants. It emerged that she, like me, was in her mid-20s, new to New York City and living on her own.<\/p>\n<p class=\"css-140ip4z e1me5xab0\">We had such a good rapport that, after the countess\u2019s appearance, we decided to meet for lunch on a weekend.<\/p>\n<p class=\"css-140ip4z e1me5xab0\">Now where to meet in vast Manhattan? To our mutual surprise, it turned out we both lived in Kips Bay. Convenient!<\/p>\n<p class=\"css-140ip4z e1me5xab0\">I was on East 27th Street; incredibly, so was she. Between Second and Third Avenues. My block!<\/p>\n<p class=\"css-140ip4z e1me5xab0\">I lived at 222 East 27th: a fifth-floor walk-up in a tenement building with four studio apartments on each floor. Her address? 222 East 27th Street. We occupied two of the building\u2019s 20 studio apartments.<\/p>\n<p class=\"css-140ip4z e1me5xab0\">I can\u2019t fathom the odds of that coincidence any more than I can explain how she and I had managed to climb the same slanted stairwell for more than a year without laying eyes on each other.<\/p>\n<p class=\"css-140ip4z e1me5xab0\">Lunch was easy: We met on our stoop and walked to Albuquerque Eats, on our corner. After that, we ran into each other often in our building until she got engaged and moved away.<\/p>\n<p class=\"css-140ip4z e1me5xab0\">We said goodbye the day she left, carrying pillows and luggage down the steps of our stoop as she headed off into her future.<\/p>\n","protected":false},"excerpt":{"rendered":"Good morning. It\u2019s Wednesday. Today we\u2019ll look at a plumber who makes a lot of money and young&hellip;\n","protected":false},"author":2,"featured_media":293502,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[8],"tags":[111981,95498,31331,9,24,55,54,56,23280,76316,10845,13776],"class_list":["post-293501","post","type-post","status-publish","format-standard","has-post-thumbnail","category-new-york-city","tag-egan","tag-housing-authority-nyc","tag-jennifer","tag-new-york","tag-new-york-city","tag-new-york-city-headlines","tag-new-york-city-news","tag-ny","tag-overtime","tag-socialism-theory-and-philosophy","tag-wages-and-salaries","tag-youth"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/posts\/293501","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/comments?post=293501"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/posts\/293501\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/media\/293502"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/media?parent=293501"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/categories?post=293501"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/tags?post=293501"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}