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
== Needs Citation ==
Article states that NYC 'far surpasses' Hong Kong, London, & Tokyo. Are there any sources that support this claim? It seems to me that if London & Tokyo are "command centers" along w/ NYC, their influence would be at least comparable to the influence NYC has. --Filippo Argenti 02:35, 3 September 2007 (UTC)
[edit] What are command centers?
The part that says New York City is one of three "Command Centers" with London and Tokyo seems quite unsubstantiated to me (and it is also in the economy of London page). First, I see no reference in wikipedia about how these so-called command centers are determined and who determines them. Second, it seems to me that cities like Los Angeles, San Francisco, and Paris just to name the most obvious have been too easily dismissed. Los Angeles is a major manufacturing and creative center and a city as big in population and as rich as New York City. San Francisco is where all the technology comes from (Apple, Intel, AMD, Google, Applied Materials, Yahoo....). And the Paris economy is larger or at least similar in size to that of London, is a large financial center (4th after NYC, London, and Tokyo I believe) and a center for luxury, fashion, and creativity. Bottom line: if a "command center" is a legitimate concept and indeed there are only three cities in that group then a reference should be added with who has determined this since it is obviously based on subjective criteria (why 3 and not 4 cities for instance). Can someone enlighten us with this concept and/or modify the page? —Preceding unsigned comment added by 72.73.121.27 (talk) 14:42, 16 October 2007 (UTC)
[edit] News Release: BEA Introduces New Measures of the Metropolitan Economy
Perspective on GDP by Metropolitan Area for 2005:
- Current-dollar GDP for the Nation was $12.4 trillion; it was $1.6 trillion for California, the largest state
- In comparison, in the New York metropolitan area it was $1.1 trillion
- Metropolitan areas produced 90 percent of U.S. current-dollar GDP; the five largest metropolitan areas accounted for 23 percent of the U.S. total
- The smallest 75 metropolitan areas accounted for less than two percent of U.S. GDP
- When ranked by current-dollar GDP, the New York metropolitan area would rank second among states and 10th among countries in 2005.
I think this is something worth mentioning. [1] Cheers, (74.134.124.3 (talk) 22:20, 15 December 2007 (UTC))
[edit] Fair use rationale for Image:Silvercup Studios West.jpg
Image:Silvercup Studios West.jpg is being used on this article. I notice the image page specifies that the image is being used under fair use but there is no explanation or rationale as to why its use in this Wikipedia article constitutes fair use. In addition to the boilerplate fair use template, you must also write out on the image description page a specific explanation or rationale for why using this image in each article is consistent with fair use.
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BetacommandBot (talk) 15:33, 21 January 2008 (UTC)
