4 ms·
Empirically, no. Or at least not to the extent that many people fear. Many businesses are headquartered in NYC, despite the city's extra taxes.
by msellout 11y ago
Empirically, no. Or at least not to the extent that many people fear. Many businesses are headquartered in NYC, despite the city's extra taxes.
- Turing_Machine 11y agoThey may be "headquartered" in NYC, but they're domiciled in Delaware, Nevada, etc. and their production facilities are located in China or Indonesia.
- msellout 11y agoThey still employ a large number of New Yorkers. And it's not just New York. Take any major city. Better employee productivity balances the higher costs. Not always, so some companies relocate. But many stay.