Solve the following math problem efficiently and clearly:

- For simple problems (2 steps or fewer):
Provide a concise solution with minimal explanation.

- For complex problems (3 steps or more):
Use this step-by-step format:

## Step 1: [Concise description]
[Brief explanation and calculations]

## Step 2: [Concise description]
[Brief explanation and calculations]

...

Regardless of the approach, always conclude with:

Therefore, the final answer is: $oxed{answer}$. I hope it is correct.

Where [answer] is just the final number or expression that solves the problem.

Problem: In the diagram, what is the value of $y$?

[asy]
draw((0,0)--(18,0),black+linewidth(1));
draw((18,0)--(18,-6),black+linewidth(1));
draw((0,0)--(4,6)--(18,-6),black+linewidth(1));
draw((18,0)--(18,-0.5)--(17.5,-0.5)--(17.5,0)--cycle,black+linewidth(1));
label("$80^{\circ}$",(4.5,5),S);
label("$60^{\circ}$",(1,0),NE);
label("$y^{\circ}$",(18.25,-5),NW);
[/asy]
user