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2025-10-06 -Great Cultural Revolution
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With Wall Street jobs fleeing, New York is nearing the point of no return
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[NYPOST] New York is losing population, losing jobs and losing ground to the rest of the country — and its leaders just don't seem to care.
Start with last week's news that banking giant JPMorgan Chase now employs more workers in Texas than in New York City; indeed the Lone Star State now has more bank employees than Gotham, period.
Partnership for New York City chief Kathy Wylde is badly understating things when she calls this news ''scary.''
Plenty of other finance jobs have flown to Florida, North Carolina and other states; the day grows ever closer when the Big Apple, once the unrivaled financial services capital of America and the world, will become a finance backwater.
The long trend predates COVID and even 9/11; ever since the early 1960s, the city and state have been piling on new taxes, among a host of other sins of omission and commission that make New York City ever-less affordable and livable.
Even the gains of the Giuliani and Bloomberg years only slowed Gotham's loss of ground relative to other parts of the nation.
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Posted by Fred 2025-10-06 00:00||
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Posted by DarthVader 2025-10-06 00:18||
2025-10-06 00:18||
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Posted by Besoeker 2025-10-06 02:04||
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Posted by Airandee 2025-10-06 06:30||
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Posted by ed in texas 2025-10-06 08:21||
2025-10-06 08:21||
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Posted by Lord Garth 2025-10-06 08:58||
2025-10-06 08:58||
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Posted by magpie 2025-10-06 09:26||
2025-10-06 09:26||
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Posted by Lord Garth 2025-10-06 13:54||
2025-10-06 13:54||
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