• New York City’s share of the nation’s private sector employment has reached its highest level in 20 years because of the growth of the tech/information sector.
• There are 262,000 workers in the New York tech/information sector, contributing almost $30 billion annually in wages to the local economy.
• While the financial sector, including real estate, is the most single important engine of the New York economy, the tech/information sector is now number two, surpassing the private health care sector.
• Between 2007 and 2012, the number of private sector jobs in NYC rose by about 4 percent, com- pared to a 3 percent decline nationally.
•Since 2007, when the Great Recession started, New York City’s tech/information sector has grown by 11 percent, or some 26,000 jobs, adding $5.8 billion in additional wages to the economy. Indeed, these wage gains accounted for two-thirds of the growth in private sector wages over that stretch.
• Using a conservative estimate, the tech/information boom was responsible for roughly one-third of the private sector job creation in New York City since 2007.
• New York City also significantly outperformed its suburbs during this period. According to the Bureau of Labor Statistics, private sector jobs actually declined by 3.8 percent from 2007-2012 in the New York metro area outside the city. Tech/information jobs also dropped by 6.9 percent in the suburbs, compared to an 11 percent gain in the city.
• The growth of Brooklyn’s tech/information sector has outpaced every other large county in the country, with the exception of San Francisco. This includes traditional tech hubs such as Austin; Seattle; Cambridge, MA; the Research Triangle; and Silicon Valley.
In December 2010, the Federal Communications Commission adopted the Open Internet Order,
enshrining the concept of "network neutrality"—that Internet Service
Providers must treat all data on the Internet equally—into law. . . .
ISPs don't like this, naturally, but Verizon has objected most strenuously of all. The company sued to halt the Open Internet Order, and after a couple of years worth of legal filings the case is now set to be decided by the US Court of Appeals for the District of Columbia Circuit.
Verizon and the FCC on Monday will each get 20 minutes to make their oral arguments . . .
ISPs don't like this, naturally, but Verizon has objected most strenuously of all. The company sued to halt the Open Internet Order, and after a couple of years worth of legal filings the case is now set to be decided by the US Court of Appeals for the District of Columbia Circuit.
Verizon and the FCC on Monday will each get 20 minutes to make their oral arguments . . .