Explain what Kim Moody means in chapter 3 of from Welfare State to real estate

Political Science
Price: $5 USD

Question description

Based on the book From welfare State To Real Estate by Kim Moody. Toward the end of chapter 3 (p112) Moody describes New York's political economy at the end of the 1990s thus:

Not only had the city been transformed racially and ethnically, but the growth of the financial and business core of its corporate headquarters complex and been made competitive and its well-paid professionals and managerial workforce served and entertained by a huge pyramid of low-wage labor that ran down through legitimate service providers to shadow contractors in the depth of the underground economy. In short, to a larger extent than most imagine, the commanding heights of the global city's economy rests on this vast, low-paid, largely immigrant workforce.

explain what does Moody mean here refer to straightforward statistics from the reading

Tutor Answer

(Top Tutor) Daniel C.
School: Carnegie Mellon University
Studypool has helped 1,244,100 students
Ask your homework questions. Receive quality answers!

Type your question here (or upload an image)

1822 tutors are online

Brown University

1271 Tutors

California Institute of Technology

2131 Tutors

Carnegie Mellon University

982 Tutors

Columbia University

1256 Tutors

Dartmouth University

2113 Tutors

Emory University

2279 Tutors

Harvard University

599 Tutors

Massachusetts Institute of Technology

2319 Tutors

New York University

1645 Tutors

Notre Dam University

1911 Tutors

Oklahoma University

2122 Tutors

Pennsylvania State University

932 Tutors

Princeton University

1211 Tutors

Stanford University

983 Tutors

University of California

1282 Tutors

Oxford University

123 Tutors

Yale University

2325 Tutors