Callum Borchers
speaker
1,301 appearances
20 recordings
1 series
first heard Jun 2022
last heard Jan 2025
Callum Borchers’s voice in public audio — every appearance, attributed to the second.
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Appearances
That's where they ended up for a lot of folks.
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You know, you're working from home.
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It was enough to coax people back to an office and then ask them to put on the tie again.
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You know, we see this in the data.
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I mean, if you look at 2019, for example, the U.S.
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imported $144 million worth of neckties from places like China and France and Italy, which are the big exporters, the big makers of neckties.
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That plummeted to $61 million in 2020 at the height of the pandemic.
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So you can see this precipitous drop.
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And it's been slowly inching back up, $106 million in 2022, still not at pre-pandemic levels.
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This is not entirely a pandemic story either, because a lot of Wall Street firms and other companies had already gotten more business casual even before COVID.
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Blame the tech sector as usual.
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In all seriousness, when you talk to these people in finance, the typically more buttoned up industries, what they'll tell you consistently is that this was about competing for talent.
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Increasingly, big banks and consulting firms were competing for recruits who were going into tech, which has always had a much more casual dress code.
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One of the concessions that Wall Street firms and consulting firms, even before the pandemic, were making is to say, all right, you don't have to wear a suit and tie every day.
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It's not necessarily the folks you would think of.
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So the folks who had to wear a tie for years or even decades, they're clinging to this freedom to go tie free.
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It's the 20-somethings and even some women who are embracing the necktie.
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Why are the 20-somethings wearing neckties?
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They've told me a couple of things.
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One is that it's almost like a rite of passage into adulthood, into the professional world.
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Showing 241–260 of 1,301 · page 13 of 66
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