{"id":26623,"date":"2025-11-03T11:25:08","date_gmt":"2025-11-03T11:25:08","guid":{"rendered":"https:\/\/www.newsbeep.com\/us-ny\/26623\/"},"modified":"2025-11-03T11:25:08","modified_gmt":"2025-11-03T11:25:08","slug":"nyc-mayoral-election-mamdani-benefits-from-changing-workforce","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/us-ny\/26623\/","title":{"rendered":"NYC Mayoral Election: Mamdani Benefits From Changing Workforce"},"content":{"rendered":"

Is the city that defines modern capitalism really about to elect a self-described democratic socialist<\/a> as mayor? If the answer turns out to be yes, as seems likely, then the explanation may lie in New York City\u2019s evolving economy, which now includes fewer hard-charging Wall Street capitalists and more people who work in care services, government, creative industries and the non-profit world.<\/p>\n

This poses a dilemma for the leading candidate for mayor, Zohran Mamdani.He is promising a slew of benefits \u2014 free bus rides, child care, subsidized grocery stores<\/a> \u2014 and has seized on the affordability crisis in housing, promising no rent increases of stabilized rental units in the city for four years. To pay for all this, he is counting on high earners, but Wall Street is a shrinking share of the city\u2019s employment base. JP Morgan has more employees in Texas<\/a> than in New York.<\/p>\n","protected":false},"excerpt":{"rendered":"Is the city that defines modern capitalism really about to elect a self-described democratic socialist as mayor? If…\n","protected":false},"author":2,"featured_media":26624,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[8],"tags":[3339,67,16370,609,9,24,55,54,56,14846,2780,1777,16826,3417],"class_list":["post-26623","post","type-post","status-publish","format-standard","has-post-thumbnail","category-new-york-city","tag-cities","tag-education","tag-employment","tag-government","tag-new-york","tag-new-york-city","tag-new-york-city-headlines","tag-new-york-city-news","tag-ny","tag-tax-revenue","tag-taxes","tag-texas","tag-view","tag-wall-street"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/posts\/26623","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/comments?post=26623"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/posts\/26623\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/media\/26624"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/media?parent=26623"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/categories?post=26623"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/tags?post=26623"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}