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> NYC has really never recovered from the 2008 crash when ~500,000 well paying finance jobs were compressed/reduced/automated. Can you expand on that, or provi
by jkaptur 8y ago
> NYC has really never recovered from the 2008 crash when ~500,000 well paying finance jobs were compressed/reduced/automated.
Can you expand on that, or provide a citation/link? It doesn’t ring true to me (a New Yorker who worked in finance in 2008), but I’d love to learn more.
- jkaptur 8y agoOk... I see that you edited rather than reply. I'd be very interested if you could find that link. Let me answer your anecdote with another anecdote: I worked for one of the banks that disappeared (Merrill), and it's not like they just locked the doors. Many, many employees (like me) just became workers at Bank of America. Even given extremely generous assumptions, your 500k number sounds off by at least an order of magnitude. The statement "NYC has never really recovered" still doesn't seem right to me.