Experts Analyze Mayor De Blasio's Jobs Plan

Thursday, September 21, 2017

Experts Analyze Mayor De Blasio's Jobs Plan

An expert panel convened at The New School on Wednesday by the Center for An Urban Future delved into Mayor Bill de Blasio’s plan to create 100,000 “good-paying” jobs in the next ten years, discussing the challenges of growing the city’s economy while ensuring that New Yorkers are its beneficiaries.

The mayor’s “New York Works” plan, unveiled in June, envisions targeted city investments in booming or burgeoning industries such as cybersecurity, life sciences, virtual reality, tech, culture, freight, and manufacturing to create 10,000 jobs each year that pay at least $50,000 a year, promoting the middle class and reducing income inequality in the city.

Some have questioned the less-than-ambitious goal -- the city has created on average about 90,000 jobs each year in the last decade -- while others have raised concerns that the new jobs may not be sufficiently well-paying in a city that is increasingly unaffordable for many. The panel of experts explored those issues, and the related economic factors that they agreed were necessary to facilitate and maximize the impact of the job creation plan. . .

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