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No More Suits for Wall Street Workers
The Goldman Sachs Group recently eased its rules for what employees wear to work. Then, the company asked them for ideas on what they should wear to work now.
Goldman Sachs employees were told to leave comments with the Twitter social media service.
The most popular answer was “hoodie and sneakers.” The second most common answer was a “suit.”
The findings showed that the issue of what to wear to work has become important at one of the oldest, most traditional businesses.
Earlier this month, Goldman Sachs sent a letter to its employees. The 150-year-old company said that the time was right “to move to (a) firmwide flexible dress code.” At the same time, the firm asked its 36,000 employees to think carefully about how they dress for work.
The move toward flexible, less structured workplaces began in the 1990s, said Robert Burke, head of Robert Burke Associates, a service specializing in the fashion industry.
The idea became widely accepted with the rise of technology companies like Amazon and Facebook and their leaders. Burke said that Goldman Sachs is one of the last big Wall Street firms to ease its dress code.
Facebook chief Mark Zuckerberg is famous for wearing blue jeans and a gray T-shirt. He and his company changed the way people communicate with each other and advertise. When he wore a blue suit to a congressional hearing last year, some people said he appeared smaller or of less importance than his public standing2.
That event shows that one cannot wear jeans everywhere.
But the financial companies knew they must change because they want young people working as their employees. These individuals could just as easily work for a technology company, and never have to wear a suit to work.
The clothing rules at Goldman Sachs first changed in 2017 for the company’s technology and digital division employees. By including the rest of its workforce3, Goldman honors its “one firm philosophy and the changing nature of workplaces.” The change comes three years after JPMorgan Chase & Co, the largest bank in the United States, announced its own flexible dress code.
The change can be seen among the leaders of financial service companies. Goldman Sachs’ chief David Solomon sometimes goes to official events without a necktie, as have the chiefs of JP Morgan Chase and Citigroup.
Talk of the move to business casual is often about what men wear. That is because the banking4 industry has mostly male leaders. Catalyst5 is an organization that supports women in the workplace. The group says its research shows that men held nearly 80 percent of top positions in U.S. investment banking and securities dealing6 in 2015.
For many years, women have much harder choices to make about what to wear to work.
Jennifer Hyman is chief of Rent-the-Runway, a clothing service for women. She told Goldman Sachs in a tweet that none of the answers listed in its survey are related to women and what they should wear to work.
There are fashion tech companies that offer advice for women tired of investing so much time in deciding what to wear. Such businesses want to help women create their own office “uniform.”
Ariel Schur is head of the employment service ABS Staffing Solutions. Schur told the Associated Press that she gets more questions from men nowadays about what to wear for job interviews and meetings. Those kinds of questions have been asked by women for a long time.
“Guys have always just been able to wear the same suit, change their ties and shirt,” Schur said. “You have to be more cognitive7” as a woman, she added.
So, what is acceptable to wear at the office these days?
“This is pretty much what we wear,” said Ed Silhan, who works for an advertising8 technology firm. “Flip flops9, or playground sneakers — I’d stay away from that,” he said. “You know, beat-up Nikes that you play basketball with. Just look presentable.”
Silhan wore black jeans and boots as he spoke10 to an AP reporter in New York’s Midtown Manhattan.
The “midtown uniform” — slacks, button-downed shirt and fleece vest — has become a common choice for men who work in U.S. offices.
“That’s probably a lazy solution,” said Chris Bossola of The Need Supply Co. He says it would be better if men created a set of clothing that works for their industry.
I’m Bryan Lynn. And I'm Dorothy Gundy.
Words in This Story
hoodie – n. a sweatshirt with a hood1 covering the head
sneaker – n. a shoe with a rubber bottom that is designed for people to wear while running or playing sports
suit – n. two or more pieces of clothing that are worn together
dress code – n. a set of rules about what clothing may and may not be worn at a school, office, or restaurant
fashion – n. the popular look or way of doing things
blue jean – n. clothing made of blue denim11
interview - n. a meeting at which information gathered from a person
cognitive – adj. of or relating to intellectual activity
slacks – n. clothing worn from the waist down to the ankle
vest – n. clothing worn on the upper body over a shirt
1 hood | |
n.头巾,兜帽,覆盖;v.罩上,以头巾覆盖 | |
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2 standing | |
n.持续,地位;adj.永久的,不动的,直立的,不流动的 | |
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3 workforce | |
n.劳动大军,劳动力 | |
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4 banking | |
n.银行业,银行学,金融业 | |
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5 catalyst | |
n.催化剂,造成变化的人或事 | |
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6 dealing | |
n.经商方法,待人态度 | |
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7 cognitive | |
adj.认知的,认识的,有感知的 | |
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8 advertising | |
n.广告业;广告活动 a.广告的;广告业务的 | |
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9 flops | |
n.失败( flop的名词复数 )v.(指书、戏剧等)彻底失败( flop的第三人称单数 );(因疲惫而)猛然坐下;(笨拙地、不由自主地或松弛地)移动或落下;砸锅 | |
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10 spoke | |
n.(车轮的)辐条;轮辐;破坏某人的计划;阻挠某人的行动 v.讲,谈(speak的过去式);说;演说;从某种观点来说 | |
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11 denim | |
n.斜纹棉布;斜纹棉布裤,牛仔裤 | |
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