The first thing that struck me was how much this guy was paying in rent. I do agree that certain things about NYC get expensive but paying ~$2500 for a one bedroom is downright dumb if you're concerned about money. I have two roommates and pay $700 for a great place. Part of being a New Yorker is being savvy. Many people leave because they are not. They can't make rent, they can't save money, etc. Maybe they all move to California?
The sweeping generalizations here also make it very difficult to take this article seriously:
"New York has no comparable sources of intellectual firepower" - ITP, Courant, Columbia
"...most New Yorkers couldn’t fry an egg if their lives depended on it..." - http://brooklyngrangefarm.com/
"Manhattan didn’t get a Home Depot, or any sort of proper hardware store, until 2004" - ACE hardware