Wall St. is moving off Wall St.

Discussion in 'Economy' started by Katzndogz, Jul 2, 2012.

  1. Katzndogz
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    Katzndogz Diamond Member

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    I said all during the various occupations that Wall Street should fight back by leaving. Let Wall Street become an uninhabitable canyon of abandoned decrepit buildings and MOVE.

    Well, I'll be. They are doing it.

    http://www.nytimes.com/2012/07/02/b...street-as-firms-cut-costs.html?pagewanted=all


    New York’s biggest investment houses are shifting jobs out of the area and expanding in cheaper locales in the United States, threatening the vast middle tier of positions that form the backbone of employment on Wall Street.

    The shift comes even as banks consider deeper staff cuts here, which could undermine the state and city tax base long term.

    Leave it to the rats. See what New York taxes once the tax base is gone.
     

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