NYC finance veterans: does the city feel "different" from the Bloomberg days?

This question is for those who have been working in finance in NYC for roughly 10+ years (i.e. started working before the financial crisis). Recently, I've talked to multiple friends in the city who have voiced complaints about how poorly the city is being run and how things just aren't the same anymore. Part of their critique is of DeBlasio, who has been a dreadful mayor for the city. But more fundamentally, they believe that finance is in the midst of a long systemic decline, one that is irreversible. As such, this has had a number of effects. First, and obviously, there is less money to be made despite the hours getting no better. Second, they feel that the city is not as exciting culturally and socially as it used to be. Third, they think the future lies in tech and by extension, the West Coast.

I am simply repeating anecdotes from multiple people, so this is by no means a scientific or an objective analysis. Rather, I am very interested to hear the thoughts from the NYC finance veterans who have lived in the city for a while and can speak to any changes (positive or negative) they have witnessed.

2 Comments
 

DeBlasio sucks but the city doesn’t really feel different on a day to day basis. I especially don’t understand the ‘cultural’ part of your comment. I think people have bitched about snow removal and similar items that actually impact your day to day. It’s not like Broadway has stopped running shows.

 

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