INTRODUCTION & Q1 SUMMARY When it comes to NYC’s startup ecosystem which has over 9,000 companies and an estimated value of over $71 billion, the first quarter of the year was characterized by the Wall Street Journal as having gone… Read More ›
Jobs & Industries
The State of NYC’s Digital Economy in Q1 2021
INTRODUCTION In taking a look at the state of NYC’s digital economy covering the first quarter of 2021, the area that looms largest is not surprisingly the devastating effect the pandemic has had on the larger economy. Positive news and… Read More ›
A New Model of Worker Classification Emerges from California’s Proposition 22 as the Direction of the Gig Economy is Fought Over Intensely
On election day, ballot measure Proposition 22, backed by App-based driver and delivery companies Ubder, Lyft, DoorDash, Instacart and Postmates passed in California, creating an exemption from labor legislation passed last year that required them to classify drivers as employees… Read More ›
NYC Comptroller Seeks to Increase Access to Digital Economy amidst Tech Companies’ Increasing Presence
Noting the loss of 479,000 jobs in the city’s private sector and 253,000 jobs in the restaurant, retail, accomodations, building and personal services industries, today NYC Comptroller Scott Stringer announced a comprehensive Workforce Development Plan, which aims to “dramatically expand the scale,… Read More ›
With Spin-off IBM Seeks Greater Focus on Cloud, AI
On Thursday IBM announced that it would separate the Managed Infrastructure Services unit of its Global Technology Services division into a new company, which it said would move it from being an entity with “more than half its revenues in services to… Read More ›
