There are a couple of other issues that aren’t discussed. Think for a moment what would happen to New York City if the big banks, which bring in the vast amount of tax revenue to the city coffers, decide to forsake their real estate and allow everyone to permanently work remotely. It would cause a cascade of business closures and the death knell of restaurants, bars, gyms, shops and stores, as thousands of potential customers won’t be around.
The empty streets and closed businesses would place downward pressure on the value of real estate. Feeling unsafe and vulnerable, residents would consider leaving New York and moving to the suburbs. The tax revenue will fall further, which means that city officials will be forced to cut both services and municipal workers. With fewer garbage collectors, firefighters, police officers, teachers and hospital personnel, the quality of life would suffer.
. Goldman’s decision—whether you agree with it or not—is understandable. It's a reasonable response for executive leadership to want their workers vaccinated. This would help avoid potential legal liabilities, in the event an employee passes along Covid-19 to co-workers, who in turn, infect their families.
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