$1 Trillion Leaving THESE 2 States | Can You Guess Which?
Can you guess where the jobs have been moving to? Where people have been moving to? Well, NY and CA have faced a significant financial industry exodus, with firms managing nearly $1 trillion in assets departing over the last three years. Notable departures include Elliott Management to West Palm Beach, AllianceBernstein to Nashville, and Charles Schwab to Dallas's suburbs. This shift resulted in the loss of several high-wage jobs, taxing both city and state revenues. Even as NY remains a major asset management hub, the southern regions are experiencing a surge, evident in Miami's rising real estate prices and Dallas's fast-expanding finance industry. Motivations for these relocations include lower tax rates, favorable climates, and affordable luxury housing. This trend is transforming the US's financial landscape, moving away from historical finance epicenters to areas previously known mostly for regional banks. For example, from 2020 to March 2023, over 370 investment firms, handling $2.7 trillion, changed their HQs. Most relocated from high-living-cost areas in the Northeast and West Coast to Sun Belt regions like Florida and Texas. North Carolina and Tennessee notably gained over $600 billion in assets from key relocations. In contrast, states like Washington and Connecticut experienced significant losses, with Connecticut now lagging behind Florida in assets under management. #newyork #california #NYExodus #CAExodus #workfromhome #Miamieconomy #jobs
TOPICS AND TIMESTAMPS:
Companies Jobs Moving Out 0:00
Central Banks Mystery 5:57
Economy Dragged Down 10:21
What Can I Do? 13:08
—————————————————————————————————
🔥 All My Tips and Strategies on the Discord Community: 🔥
https://discord.gg/QNgHFgxkq9
—————————————————————————————————
💵 HOW TO MAKE MONEY ON AMAZON: 💵
👉 http://TheAmazonGPS.com 👈
—————————————————————————————————
LOOK THROUGH MY BOOKS! http://books.themoneygps.com
MY FAVORITE BOOKS: https://youtu.be/Y_mwbfp1ULU
SUPPORT MY WORK: https://www.patreon.com/themoneygps
PAYPAL: https://goo.gl/L6VQg9
—————————————————————————————————
Sources Used in This Video:
http://bit.ly/TheMoneyGPSSources2023
-
16:23
The Money GPS
7 months ago $0.15 earnedLet Me Tell You Exactly Why Prices Are About To Shock You
5232 -
2:01:13
TimcastIRL
6 hours agoNY Times Calls For Biden TO DROP OUT, Democrats PANIC Over Debate w/Morgonn McMichael | Timcast IRL
101K136 -
1:34:49
Glenn Greenwald
8 hours agoDebate Forces Corporate Media to Admit Biden Impairment After Months of Lies; SCOTUS, Including Justice Jackson, Overturns Excessive Jan. 6 Prosecutions | SYSTEM UPDATE #291
110K250 -
1:11:18
Edge of Wonder
8 hours ago“But Wait There’s More” is No More: Massive Mandela Effect & MTV News Gone
74.3K24 -
37:05
Candace Owens
1 day agoOUCH! Tucker Carlson Embarrasses The Australian Press | Candace Ep 14
144K157 -
11:13
barstoolsports
8 hours agoDAVE PORTNOY QUESTIONS WILL COMPTON'S DECISIONS | VIVA TV
85.8K6 -
21:25
BetterBachelor
1 day agoFull on PANIC, the leftist activist news tears are flowing like rain
88.9K215 -
1:44:34
2 MIKES LIVE
9 hours ago2 MIKES LIVE #84 OPEN MIKE FRIDAY
66K9 -
1:15:59
The Big Mig™
1 day agoThe Hunt For January 6th, SCOTUS Torpedoes J6 Obstruction Charge
64.4K26 -
1:00:28
RealitySurvival
7 hours agoNational Security Implications Of The Presidential Debate
49.7K6