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New York City Confronts Remote Work Trend

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the staff of the Ridgewood blog

New York NY,  according to a new Bloomberg News study, the shift to remote work in Manhattan means the island’s office workers are spending about $12 billion less every year than they did before the pandemic.

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Reader says , “If not for the jobs in NYC the majority of NJ residents would be on the unemployment Line”

lasttraintoclarksville_theridgewoodblog

If not for the jobs in NYC the majority of NJ residents would be on the unemployment Line.
Corporate employers have left the state, knowing full well competent employees are willing to move along with them.
The only reason others have not left is due to state corporate welfare tax deals to keep them here.
Businesses will NEVER move here.
As the Internet connects us together for telecommuting, there will be no need to live close to NYC and work.
The only people left here will be the public employees whose unions have killed the golden goose…the same people who leave the state after retiring hand have their NJ taxpayer paid over generous Cadillac health care benefits while collecting the check in North Carolina.
The way to solve the state budget problem is to tax any public pension checks that get sent out of state