In New York City, the population has steadily increased over the decade as expected but on the flip side the number of establishments in manufacturing sector has experience the great hit right after year 2008 and plummeted sharply between the year 2008 and 2011 and more so number of jobs. In the manufacturing sector, number of jobs decreased by 20% over the period of 2008 – 2010, after the year 2010 there was some stability observed but manufacturing jobs kept on decreasing. The overall salary scale was maintained right after sudden drop in 2008, but overall manufacturing jobs in New York is observed to be in steady decline.
On the other hand, Tech sector in New York has been doing quite well, the numbers of new companies have been opening at the steady pace and so as employment. Above all, the pay scale in Tech jobs has grown leaps and bounces. Since year 2010 the salary growth in Tech sector has grown by 35%.