A $29 ham and cheese sandwich is just the latest insult to New Yorkers’ wallets, which have been hit by skyrocketing pricing.
It’s just the latest insult to New Yorkers’ wallets, which have been hit by skyrocketing pricing everywhere from the movie theater to the local barbershop. A can of craft beer is nearing $10, a shoe shine will run you $15 and a dry cleaning trip will end up taking you to the cleaners., according to the annual Economist Intelligence Unit survey released in December.
— but you wouldn’t know it here in NYC, where businesses are slapping on premiums that in some cases more than double the cost of similar goods and services offered elsewhere.$29 ham and cheese sandwich a total rip-off — so why are NYers eating it up?It’s a major reason why city dwellers cross county lines to do their shopping, according to Anoop Rai, finance professor at the Frank G. Zarb School of Business at Hofstra University on Long Island.According to Rai, the answer is a bit of both.
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