Engine Failure

The study funded by The Rockefeller Foundation states that many of New Yorks troubling trends predate the terrorist attacks on the World Trade Center. Advances in technology, the study observes, have enabled firms greater flexibility in choosing whether to create or reallocate new positions, and many companies are increasing revenues without increasing their workforce. To recharge the New York economy, the report suggests that city officials pursue policies that help to retain fast-growing companies and sectors.