Wednesday 14 January 2009

NY economy

New York State is the center of USA’s social culture adn the center of USA's politics and economy.
And this time I will talk about the state of New York in the USA.
A repot by the fiscal policy institute generally focuses on issues that affect the quality of life and economy well-being of NY works, claims that although nation of Unite state has enjoyed many years of increasing of economic expansion, although you can not seen this expansion on the NY state.
Infect during the 1997 to 2000 median incomes and wages for the workers has increased. But this kind of increased can still not reach the average level of the whole American. This led a very little improvement in the workers' standards of living from where they were in the last twenty years ago.
There are suggests by the Fiscal policy Institute's new analysis that in NY's ten regions has severe regional differences. For example, the Upstate economy has not benefited at all from united state's booming times. In fact, their economy increasing has been stopped, and the environment of economy in that area has showed a kind of sluggish. At he same time, the downstate region's economic growth has mainly depend on Wall Street, and many people living in edge of NY city are still struggling.
Looking at government data, we found that even though there are many resources near NY State and can support it to take. But those recourses can bring little benefit for the wages and the quality of workers’ life who living in NY state whatever in the economic good or bad times in America.
And also during the same data we can conclude that we can not just rely on the growth of economy of whole America to change the condition of New Yorker’s life. Instead, we need to analyze the economy growth of whole USA and find out how it affects not only workers but also their families.
Furthermore, it is clearly that the state government of NY State must take some responsibility to help families that are not benefiting form a growing economy.

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