“A 26 per cent decline brings the average bonus closer to what financial employees received prior to the pandemic,” DiNapoli said.
Sector employment in 2022 was 5.1 per cent lower than in 2000, which represented the peak for securities employment in the city. DiNapoli estimates that 1 in 11 jobs in the city are either directly or indirectly associated with the securities industry. DiNapoli expects the 2022 bonuses in New York City’s securities industry will likely generate $457-million less in state income tax revenue and $208-million less for the city when compared to the previous year.
Source: Financial Digest (financialdigest.net)
“Bonuses” How come the extra money didn’t make them lose incentive to work? I’m told if we paid every citizen a bonus, we’ll get lazy and stop working I guess that’s not true! Bonuses make us all more productive! Pay everyone UBI!
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