By: Calvin Chin, originally posted on the Center for Faith & Work.
Wall Street or what’s left of it remains the favorite bogey man for many spheres to pick on. This New York Times article discusses Hollywood’s vilification of the finance industry. What caused the great financial crisis of 2008? Why is the unemployment rate high ? Because Wall Street rewards companies for not hiring and keeping costs low! Of course this is nonsense. If you live in New York City, it would be even more expensive without the tax generating power of Wall Street.
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