Citing Florida’s economic policies and living standards, Wall Street executives are requesting transfers from New York to Florida.
Many analysts state that bankers’ desire to move out of New York is creating a headache for recruiters as investment firms attempt to reopen their offices.
Fox Business reports:
Job headhunters say banks such as JPMorgan and Goldman Sachs have what is being described as a waiting list of executives looking to move to the Sunshine State primarily because of its lower cost of living, but also because of other quality of life issues including a lower crime rate. Manhattan, where both firms are located, is dealing with a spike in crime and homelessness. Under Mayor Bill de Blasio crime statistics have risen in most categories with the New York Police Department reporting a 39.6% rise in grand larceny thefts last week for the four weeks ending June 6.
“The JP Morgan recruiter from Florida just told me he’s getting so much demand from employees