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Econ Crushing NY’s Middle Class

NY Post

By 2007, the top 1 percent of earners took home 35 percent of all income earned in New York state, according to a study done by Demos, a policy research firm based in New York City.

That compares with just 10 percent of all income for this group in 1980.

Steep declines in skilled manufacturing jobs and a huge uptick in shorter-term, lower-paying jobs.

In 1980, manufacturing jobs made up 23 percent of the total in New York, while service-sector jobs were 33 percent.

By 2010, manufacturing had plunged to 7 percent while the service sector ballooned to 48 percent.