Research Essay – Paragraph #1

Rod Blagojevich once said “A successful economic development strategy must focus on improving the skills of the area’s workforce, reducing the cost of doing business and making available the resources business needs to compete and thrive in today’s global economy.” This quote talks about how people should work hard to not reduce the minimum wage of the cost. The Economy in NYC is a big issue because New York is the financial capital of the world and the economy is bound to influence the city significantly. The economy of New York City is the largest regional in the United States because it deals with the Stock Exchange. The three main points that relates to this topic is minimum wage in NYC, the unemployment rate, and the low income workers. These three main points are important because they are topics that need to be acknowledged in order to better the economy of New York City.