Traditional Culture Encyclopedia - Traditional festivals - What are the characteristics of the industrial structure of the northeastern United States
What are the characteristics of the industrial structure of the northeastern United States
The Josun headquarters building.
Much of the traditional heavy industry in the Mid-Atlantic region has shifted elsewhere, as it did in New England, and has been replaced by pharmaceuticals and telecommunications, such as Wesson and IBM in New York and Lucent Technologies and Pfizer in New Jersey, as well as Comcast Cable Networks in Philadelphia. Within the region, New York City and Washington, D.C., have different and more complex industries: in New York City, most companies are in the treasury- or securities-trading-related industries; in Washington, D.C., the major industries are largely dependent on the U.S. federal government and its related ministries.
Overall, the Northeast's major industries have shifted from traditional industries to high-tech and technology-intensive industries and services, and this shift has caused the Northeast's labor market to change its needs. While the traditional industries used to require a large number of low-skilled laborers, the new industries require highly trained manpower, which makes it difficult for the average laborer who lacks skill training to get a job. This massive demand and market for highly skilled people has allowed the Tohoku to attract talent from around the globe.
The Northeast is the wealthiest region in the country, and the Upper East Side of Manhattan in New York City, in particular, can be considered to have the highest concentration of personal property in the world. According to 2006 statistics, Connecticut is the wealthiest state in the region, with a gross domestic product per capita that is twice as high as that of other poorest states.
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