I do think a bit of it is NY culture, but a lot of it is probably the belief that "driving hard" leads to more productivity which is near Universal, and probably more prevalent amongst people who come from hyper-competitive environments like IIT or the NYC financial world. Others who believe that "paying more" leads to more productivity are also wrong.
Punished by Rewards by Alfie Kohn is an excellent compendium of research on what drives people to work.
I do think a bit of it is NY culture, but a lot of it is probably the belief that "driving hard" leads to more productivity which is near Universal, and probably more prevalent amongst people who come from hyper-competitive environments like IIT or the NYC financial world. Others who believe that "paying more" leads to more productivity are also wrong.
Punished by Rewards by Alfie Kohn is an excellent compendium of research on what drives people to work.