Structural changes in Manhattan's post-9/11 economy.

The article examines the structural changes in the economy of Manhattan, New York since the September 11, 2001 terrorist attacks. In previous decades, job creation in Manhattan's "global sector" was the economic engine driving the borough's entire economy. Today, as a result of the 2001 downturn, hi...

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Detalles Bibliográficos
Publicado en:Monthly Labor Review Vol. 129; no. 10; pp. 58 - 80
Autores principales: Dolfman, Michael L., Wasser, Solidelle F., Skelly, Kevin
Formato: Artículo
Publicado: US Department of Labor Oct2006
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Acceso en línea:Ver este registro en EBSCOhost
Descripción
Sumario:The article examines the structural changes in the economy of Manhattan, New York since the September 11, 2001 terrorist attacks. In previous decades, job creation in Manhattan's "global sector" was the economic engine driving the borough's entire economy. Today, as a result of the 2001 downturn, high wages generated by global-sector industries emerge as a new determinant of Manhattan's economy. With approximately 1.8 million private-sector jobs, or about 61 percent of New York City's total job base, and an average annual wage exceeding $92,000 in 2005, Manhattan is the driving force of the city and the New York regional economy.