Are you looking for enticing news about the latest change in environment and its connection with sustainability? If yes, then there we come up with all the latest updates. A long time is required for the progress from the services provided today and from the economy, which is based on the brain, to an environmentally sustainable economy.
It is vital to comprehend the timescale for bringing about changes. New York has grown into an essentially single financial base from a manufacturing city, and this period of growth has caused a lot of pain for New Yorkers.
Millions of manufacturing jobs were lost by New York City during the years when World War II ended, and till 1980, there was a time when New York City was producing 95% of the country’s clothing which reduced to only 3% of the all output of clothing in the US.
During the 1960s and early 1970s, the economy was transformed, leading to the loss of jobs and the immediate liquidation of New York City in 1974. It was seen from the 1980s and 1990s that manufacturing is substituted with businesses of services, for example, finance, media, data, medical services, schooling, plan, counseling, and protection.
The 21st century was the time of the start of tech companies, social media, and internet businesses. The reasons that led to the changes were the lower-priced labor elsewhere and the development in technology. However, the changes in the economy were not planned.