Our economy was built on uneven ground: pervasive inequality, with just a few sectors accounting for most jobs, and vast wealth disparities.
And the deep hole we find ourselves in is not entirely due to COVID-19. Our city is in serious economic trouble. The pandemic has cost us hundreds-of-thousands of jobs and billions of dollars in revenue.
Our recovery starts with public health and public safety. But there are other things we can and must do immediately to save our economy.
- Protect what we have built and who built it.
- Create a stronger, deeper, fairer 21st century economy.
- Create an equitable economy that gives everyone the opportunity to thrive.
Before the pandemic, Latino and Black households in the city averaged approximately half the income that white households did.
We must get started now. Here’s how we bring back New York better than ever. Some things will take years. Some things will take a generation.
Step 1 – Protect what we have built and who built it
Since the pandemic and its disastrous impact on this country’s economy, we have seen a significant downturn that is far worse than most American cities’. Estimates are that, even after the COVID crisis is somewhat under control, New York City will have half-a-million fewer jobs than before the pandemic. We have to right the ship, fast.
"I believe in New Yorkers. Whether they’ve ever questioned the dream in which they live, I wouldn’t know, because I won’t ever dare ask that question."
– Dylan Thomas