"Although some lament the disappearence of manufacturing jobs - traditionally seen as a backbone for the middle class - [president and CEO of Bloomberg LP Daniel] Doctoroff said that such change should be accepted.
'You just have to be realistic about what you can and can't do in New York City,' he said. 'You can't hold on to romantic notions that fundamentally deny economic realities.'
Now, the city has shifted toward promoting the television and film industry - which also support professions like carpentry - as well as the tech industry. 'We've replaced every one of those lost manufacturing jobs in the last 40 years,' Doctoroff said .