NYC Manufacturing in Decline

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.