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Taxes and regulation as possible contributors to finance job declines
A post argues that city and state taxes and regulation contributed to job declines that began before AI’s impact.
TLDR
A post argues that high city and state taxes, property taxes passed through rents and regulation contributed to fewer job opportunities. It says the decline began long before AI’s impact and cites expansions by Goldman, JP Morgan and Citadel to argue that financial institutions can move jobs to more business-friendly places.
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