The New York Post is warning that New York state will lose thousands of “well-paid back-office, finance, tech and manufacturing jobs over the next 48 months.”
The article points out that although New York has recovered all the jobs it lost during the 2008 recession, the new jobs are lower-paying jobs just above minimum wage and don’t have the same benefits.
According to research by The Hackett Group, a global strategic advisory firm, firms are not replacing employees that quit or retire. The company projects that North American job losses will total 1.85 million between 2002 to 2017, hundreds of thousands of them in New York.
Manufacturing employment declined in New York by 3.6 percent for the 12 months ending in June 2013.
Bringing back New York as a manufacturing state will be the central focus of The Business Council’s 2013 Annual Meeting being held this week at The Sagamore Resort in Bolton Landing.