(WSJ) — A new report on manufacturing in New York tells an interesting story, and it’s not just the tale of job loss and contraction that we’ve come to expect from the sector. While the image of New York might not bring factories to mind, the sector has a sizable footprint in the state economy.
Yes, the state’s factories have fallen far from their heyday. In 1950, at the peak of the industrial employment in New York, more than two million people earned their living in manufacturing. Last year, however, just 477,000 workers remained in the sector.
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