Monthly Archives: June 2014

Parrott Presentation: Confronting New York City’s Retirement Crisis

June 17, 2014. The New York City Central Labor Council and the Schwartz Center for Economic Policy Analysis at The New School sponsored a June 17 conference, Confronting New York City’s Retirement Crisis. FPI’s James Parrott made one of the opening presentations at the conference. Other speakers included State Comptroller Thomas DiNapoli, New York City Comptroller Scott Stringer, and New York City Public Advocate Letitia James, as well as leading labor union officials, union pension experts, and academic and finance sector experts. National retirement security [...]

2014-06-19T11:08:58-04:00June 17th, 2014|Blog, Social Policy|
Read More

Over one-third of New York City employees are paid less than $14 an hour; workers of color are twice as likely to be low-wage

June 17, 2014. The Fiscal Policy Institute (FPI) released a new data brief today showing the sector of employment and race/ethnicity for New York City workers paid less than $14 an hour. On an annual basis, $14 an hour would put a family $1,900 below the $31,039 poverty threshold for a New York City family. Altogether, 1.2 million New York City workers are paid less than $14 an hour, 36 percent of all public and private wage and salary workers. This includes part-time as well [...]

2020-11-13T14:58:52-05:00June 17th, 2014|Blog, Economic Trends & Policy, Labor Market & Workforce, Press Releases, Reports, Briefs and Presentations|
Read More

70% of Fortune 500 Companies Use Offshore Tax Havens

June 9, 2014. In 2013, 70% of Fortune 500 companies used tax havens. More of these companies were based in New York than in any other state, depriving New York of considerable tax revenue. The practice of “booking profits” in foreign countries where there are few or no taxes is examined in a new study released yesterday by U.S. Public Interest Research Group (USPIRG) and Citizens for Tax Justice (CTJ), “Offshore Shell Games 2014: The Use of Offshore Tax Havens by Fortune 500 Companies.” For [...]

2020-10-27T13:07:08-04:00June 9th, 2014|Press Releases, Tax & Budget, Tax Policy|
Read More

Reform of NY’s TDI Program and Provision of Family Leave Insurance: Estimated Costs

June 5, 2014. In this report, FPI estimates costs for increasing workers' weekly wages during temporary disability leaves and extending those benefits to family leaves under proposed legislation in the Assembly and Senate. As an increasing number of women and mothers participate in the workforce, federal and state laws and policies have not met the needs of both male and female workers who must balance taking care of themselves and their families with the responsibilities of work. Under Temporary Disability Insurance (TDI) in New York, [...]

2020-11-13T15:05:54-05:00June 5th, 2014|Economic Trends & Policy, Labor Market & Workforce, Must Read, Press Releases, Reports, Briefs and Presentations, Social Policy|
Read More

Testimony to Raise the Statewide Minimum Wage and Allow Localities to Set a Higher Minimum Wage

June 2, 2014. FPI’s James Parrott submitted testimony for the June 2 New York State Senate Labor Committee hearing on several minimum wage-related bills, including five bills that would authorize local governments to enact minimum wages above the statewide level, and one bill that would establish a statewide “living wage” of $15 an hour, indexed to inflation, for certain large employers and chain stores. The FPI testimony reviewed several reasons why it makes sense for New York State to authorize cities and counties to establish [...]

2020-11-13T14:58:52-05:00June 2nd, 2014|Economic Trends & Policy, Labor Market & Workforce, Testimony|
Read More
Go to Top