The De Blasio administration is looking to “backfill” the finance jobs it expects to lose with growing industries like tech, a top city official said Thursday, asserting that the city wouldn’t “pay” to keep jobs here. In a speech light on specifics, Deputy Mayor Alicia Glen disparaged the competition New […]
Author: Frank Thurston Green
Black People and Economic Mobility Don’t Overlap in America
Perhaps the best single indicator of a metropolitan area’s economic mobility is the percentage of black people living there. The greater the share of black people, the less likely it is that a poor kid — black, white, or anything else — will make more money than their parents. At […]
Company relocates and doesn’t get paid to do so
In dumbfounding news, a company isn’t getting any public money from New Jersey for relocating nearly 400 jobs into the state. Actavis, a global pharmaceutical company, was in such a hurry to close up shop in Long Island that they passed up what likely might have been $5 to $10 […]
The bodiless heads: company HQs on the move
Cadillac’s just-announced plans to relocate its headquarters to New York City may be part of a budding shift: companies that want to sell fancy consumer products are sometimes staking flags in the fancy places where their consumers live, experts said. The pull isn’t just about the finance and media […]