Talk:Economy of New York City
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[edit] Expansion topics
Some subject ideas for expanding this article:
1. Shipping: NYC's history as a major trading port. Role of JFK (largest international air freight gateway in the united states by value).
2. "FIRE": Finance, Insurance and Real Estate (FIRE) is the bedrock of NYC's economy. Advantage: enormous Wall Street end-of-year bonuses pump money into the city's economy and tax collection. Disadvantage: FIRE is volatile. Many experts want to divesify the city's economy. As technology makes location less important, many FIRE companies are moving their back-office operations (and jobs) out of the city. NYC still dominates this industry, but its national share of the pie is slowly declining.
3. "Creative": Big growth sector. Actors, filmmakers, architects, etc. Richard Florida's thesis that "creative" is the urban economy of the future. NYC is a national leader in this sector. See Creative New York (Dec 2005), a report by the Center for an Urban Future: http://www.nycfuture.org/images_pdfs/pdfs/CREATIVE_NEW_YORK.pdf
4. Industry: What's going on with NYC manufacturing.
5. Immigrants: Their important role in NYC's economy. Small business owners, labor, etc. NYC's high rate of women- and minority-owned businesses.
6. Labor unions: NYC is different than most of the USA. Union membership is relatively high. They're moving into service sector; hospitality, security guards, health workers.
- Out of curiousity, is NYC one of the only cities to require all public sector members to be union members? Kawa 01:43, 8 February 2006 (UTC)
7. Health care: Massive and important NYC economic sector. Vast numbers of hospitals, doctors, and research centers.
8. Life sciences: Fast-growing sector of big importance. Holds promise as an economic pillar in diversifying economy away from FIRE sector.
9. Challenges: NYC is high cost environment. Shortage of space. Congested road network. Tax burden.
Wv235 04:10, 26 January 2006 (UTC)
Please don't forget the number of horse-drawn carriages and their impact on the economy --Old Guard 04:07, 16 April 2006 (UTC)
Frodowilson 02:34, 27 September 2006 (UTC)Does anyone know how to get to this list that includes companies with a prescence in New York? User:Frodowilson
