Bloom’s survey analysis indicates Big Apple workers are spending nearly $5,000 less per person in the areas near their offices, ranging from grabbing breakfast, ordering lunch or taking clients to dinner and a show. This signifies the largest loss per employee of any major city in the United States.
When business is down, tax revenue also declines. As a result, the city will have to cut back on municipal services. This means less hiring and accelerated job cuts to police officers, firefighters, sanitation workers, mass transit personnel, nurses and teachers. Last year at around this time, concerned about a downward economic spiral, New York City Mayor Eric Adams met with 100 chief executive officers, in an effort “to get their workersto stimulate the city’s economy.” Adams said, “We can’t send mixed messages,” by delaying the return to work dates. “We can’t keep kicking the can down the road.”
Adams explained his thought process. The local economy depends upon people coming into New York."That accountant from a bank that sits in an office, it's not only him. It. He goes to the cleaners to get his suits cleaned. He goes to the restaurant. He brings in a business traveler, which is 70% of our hotel occupancy. He buys a hot dog on our streets; I hope a vegan hot dog, but he participates in the economy.
The deserted landscape could create a vacuum in which crime, violence and open drug usage worsen. Last year, New York City saw an alarming