The Real ‘tale of two New Yorks’: Downstate Policies Killing Upstate Economy

The Real ‘tale of two New Yorks’: Downstate Policies Killing Upstate Economy

The Real ‘tale of two New Yorks’: Downstate Policies Killing Upstate Economy

January 20, 2020

While the 12-county metro area surrounding New York City has grown jobs and income levels faster than the nation, the rest of the Empire State hasn’t fared so well. In fact, much of upstate New York has yet to recover from the Great Recession. Only three states — Connecticut, West Virginia and Wyoming — saw slower private-sector job creation rates than Upstate. The region’s once-mighty manufacturing sector has been ­especially weak over the past decade, losing jobs even as manufacturing employment rose nationally for the first time in half a century. High utility costs, excessive regulation and rising workers comp insurance premiums are among the reasons behind the decline, according to E.J. McMahon, Research Director at the Empire Center for Public Policy and an Adjunct Fellow at the Manhattan Institute.

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