New York workers drag their feet to return to the office as crime rises

New York workers are dragging their feet to get back to work, and crime is the reason.

Drive the news: Office occupancy rates languish well below the national average, the New York Post reported this week. It’s a drag on businesses that rely on foot traffic and subway ridership as they struggle to recover from the pandemic.

  • Ex-investment banker and author Carol Roth recently told Axios that there is “a high degree of uncertainty for businesses that rely on in-person foot traffic.”

why is it important: The Big Apple is in the throes of a crime wave that is whetting the appetite of workers who, though perhaps fatigued by remote work, worry about an overall deterioration in public safety, delaying the revival of the city.

Yes, but: Data from the Labor Department shows a slow but steady decline in remote work, suggesting that more workers are opting for in-person work, even if it is hybrid.

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