More young executives are making the decision to live and raise children in Manhattan.
The decision to raise the tolls was made three years ago.
The increase was a central component of the commission's decision to raise fares.
"Every time they do it, more people come," he said, referring to the Legislature's decision to raise the tax.
But Wilpon said the decision to raise the payroll did not happen recently.
The bad medicine in this case was the Fed's decision to raise interest rates.
Japan's decision to raise military spending has been criticized by Chinese leaders.
But a decision to raise rates would show up through the Fed's intervention in the markets.
The decision to raise the payroll, he said, will be made case by case.
An example was the unavoidable decision to raise gasoline prices.