NYC: Not dead, but on life support – New York Daily News

26August 2020

In the past years, New York City’s industry and wealth have actually grown progressively focused, and with them the risk to the city’s finances. Financing, property and insurance coverage loom ever larger in the city’s economy, alongside a growing tech sector. On the other hand, just 100,000 households pay half of New York City’s income tax profits. These jobs and households were currently leaving New York City entering into this year, and both desperation and emergency in the face of COVID-19 drove their lives and work to go virtual.Source: nydailynews.com

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