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NYC Manufacturing in Decline

Thursday, March 19th, 2009
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The transition from an industrial economy to a postindustrial economy, as Daniel L. Doctoroff, the Deputy Mayor for Economic Development and Rebuilding in New York City put it, comes at the expense of high-paying working class jobs. A survey conducted by the Parthenon Group for the City of New York indicates that 30% of workers without high school diplomas are employed in New York’s industrial sector. Without local manufacturing, many of these workers would be jobless, which would likely have a significant negative impact on the economic stability of working class families and communities.

  • Kean W. Stimm

    Manufacturing is the source of all wealth.

    Hard working men and women in factories and on farms, and in construction, produce all the wealth.

    Nothing else produces wealth. Banks, stores, Government produce nom wealth. Only manufacturing.