brain drain

‘Scary optimism’ as local business girds for 2017

By JOHN KOMINICKI // Long Island business leaders gave the local economy a resounding thumbs up on Thursday, predicting growing revenues, profits and pricing power at an annual economic forecast breakfast hosted by accounting firm AVZ. The less good news: 58 percent of business managers responding to AVZ’s accompanying economic poll said they have no plans to hire additional workers in 2017, and 5 percent said they expect to cut staff during the year. Another…


Survey: No brain drain at Farmingdale State

Brain drain? Not at Farmingdale State College. The State University of New York school is trumpeting a recent survey of alumni that shows 90 percent of bachelor’s degree recipients are employed within six months of graduation – and nearly three quarters of those employed persons, 74 percent, work on Long Island. The literal-named Six Months After Graduation Survey was completed by 58 percent of the combined members of the classes of August 2014, December 2014…


The real downside of losing our young people is what they leave behind. Us.

By J.L. Kominicki // You’ve probably heard Long Island is having trouble hanging onto its young people, particularly those in the coveted 18 to 34 cohort, the age group most likely to take the jobs we don’t want at wages we couldn’t possibly survive on. Well, unless we were also still living at home. The youth decline is variously called “brain drain” or “birth dearth,” depending on whether you believe our bright young people are leaving…


Serious brain drain: When CSHL considered leaving

Cold Spring Harbor Lab officials considered moving the facility off Long Island in 1948 due to transportation concerns and the fact that local life was not very “rich.” At the time, the LIRR train from Penn Station to Syosset took 50 minutes and required a $4 taxi ride from station to lab, a “sizeable expense for a laboratory assistant to bear frequently.” Penn to Syosset today? An average 59 minutes. The transportation section of the…