Yesterday evening, the New York City Economic Development Corporation (NYC EDC) hosted an event for folks from the financial service industry to discuss the impact of the crisis on the city and what can be done about it. The opening presentation outlined the extent of the problem. In New York City 15% of all employment is in or directly related to financial services, generating 34% of all wages. That is not even counting any jobs that depend on the wages earned by someone employed in financia...

Yesterday evening, the New York City Economic Development Corporation (NYC EDC) hosted an event for folks from the financial service industry to discuss the impact of the crisis on the city and what can be done about it. The opening presentation outlined the extent of the problem. In New York City 15% of all employment is in or directly related to financial services, generating 34% of all wages. That is not even counting any jobs that depend on the wages earned by someone employed in financia...