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Originally Posted by 599GTO
Looking at the profits being made at Goldman Sachs, JP Morgan, etc., I beg to differ that a Manhattan address is a waste of money. Trust me when I tell you that these corporations have an army consultants who study these logistics, and it's quite obvious that these experts see the benefits of keeping them in Manhattan versus Long Island.
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You do realize that these same people could be working in Kansas and be just as productive right? Everything is done by computer these days, people aren't actually buying and selling physical stocks. The reason these companies are here is because the people with banking knowledge are here. It's just an artifact of history, not any competitive advantage.
Quote:
Originally Posted by 599GTO
New York manages to be the most economically powerful city on earth, despite its development pattern which you see as wasteful.
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The fact they have so much money is exactly WHY they are so wasteful. Who cares about being efficient when you have a Trillion dollars of GDP in such a small area? You can afford to splurge.
Quote:
Originally Posted by 599GTO
So everyone should abandon New Jersey, Connecticut and New York and move to Long Island?
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No, they should spread out more evenly across the area. Some North, some East and some West. I mean, if this were SimCity you would just nuke everything and start over, but obviously you can't really do that so you have to live with some of the physical obstacles and just try to work around them over time. Staten Island would be a good place for a lot of development given its low density.
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