Jamie Dimon warned high taxes would push business out of New York, but the city is honing its edge over Miami in attracting top talent, report finds

Main Idea: Jamie Dimon warned that high taxes and rules could push business and talent out of New York, but new data says the city is still drawing skilled workers and strong office demand.

Key Points:

• Dimon said New York’s high corporate and income taxes can drive companies and wealthy people to other states.
• JPMorgan has cut its New York staff over the past decade while growing in Texas, which Dimon said may continue.
• A JLL report said the idea of a mass exit from New York is overstated, with office vacancies falling and rents rising.
• JLL found New York still attracts more mid- and early-career talent from top schools than Florida, though Florida is gaining ground with younger and later-career workers.