Yearly Archives: 2014

Economic and fiscal impacts of proposed consolidations involving 5 postal facilities

November 10, 2014.  The American Postal Workers Union asked FPI to estimate the net economic and fiscal impacts of proposed consolidations involving five postal facilities around the country. The proposed consolidations were part of a nationwide “cost-savings” plan that would have further slowed mail delivery times. One of these involved a proposal to downsize sorting operations at the mail processing center in Newburgh, New York, in the lower Hudson Valley and to consolidate these operations at the Albany processing and distribution facility, 90 miles away. [...]

Immigrants Aren’t Taking Your Jobs, They’re Making Their Own

October 15, 2014. A story in Vox stresses the role of immigrant entrepreneurship, citing FPI's work on the subject. Economic research shows repeatedly that, overall, immigrants don't displace U.S.-born workers. How can this be? One part of the answer is that immigrants are not just workers, they are also entrepreneurs, so they create jobs for themselves and also for others. (Another part of the story, which is not covered in this piece, is that immigrants also expand consumer demand, so at the same time as more [...]

2014-10-15T10:28:51-04:00October 15th, 2014|FPI in the News|

NYC Median Family Income Up for First Time since Great Recession

October 15, 2014. After five years of decline, median family income in New York City rose by 3.5 percent between 2012 and 2013 in inflation-adjusted terms, according to recently-published Census data.[1] This compares with increases of 0.9 percent at the national level and 1.6 percent for all of New York State, including the city. While the city’s increase far surpassed the nation’s and state’s, median family income in the city was still 5.2 percent lower in 2013 than it had been in 2008 at the [...]

Expanding Opportunities and Improving City Social Services Quality through a Career Ladder Approach

September 24, 2014. The City of New York delivers most human services through $5 billion in annual contracts with non-profit providers. However, there are insufficient opportunities for lower-level social service case workers at these providers to acquire the education needed to move up a career ladder to more responsibility and better compensation. The result is a two-tiered job market that confines many women of color to the lower tier making inadequate wages. Thisprogram, explored a unique opportunity to address this challenge. Presenters Jennifer Jones Austin, CEO/Executive [...]

Hispanic Business Owners to Share their Experiences

September 22, 2014. This opinion piece by Galen Spencer Hull celebrates Hispanic Heritage Month by focusing on immigrant and minority businesses. Tennessee has one of the fastest-growing immigrant communities in the U.S., earning Nashville the sobriquet as an “Ellis Island.” Immigrants are making notable contributions to the region’s economic development. Music City has become a hub, attracting a steady stream of immigrants. Davidson County alone has an immigrant population of about 40,000, or 7 percent of the total, followed by Williamson County (4 percent) and [...]

2014-09-23T12:00:09-04:00September 22nd, 2014|FPI in the News|

FPI proposes a tax on the most expensive NYC pied-à-terre residential units

September 22, 2014. By James Parrott, FPI Deputy Director and Chief Economist. Introduction In the context of the continued global concentration of income and wealth, a growing number of ultra-luxury residences in New York City are being bought by people who are not full-time city residents. For many such owners, a Manhattan pied-à-terre is one among several residences they own around the world for occasional use. Some owners see it as an investment, or simply as a place to park a portion of their substantial [...]

2020-10-27T13:09:41-04:00September 22nd, 2014|Blog, Tax & Budget, Tax Policy|

Immigrant City

September 18, 2014. The Baltimore Sun ran a long editorial about the city's efforts to attract 10,000 new families to the city, with a particular focus on immigrants, including this reference to FPI's work: ...a 2012 report from the Fiscal Policy Institute's Immigration Research Initiative found that immigrants made up 9 percent of Baltimore's population but 12 percent of the workforce and a remarkable 21 percent of business owners.

2014-09-19T11:09:39-04:00September 18th, 2014|FPI in the News|

Which U.S. Immigrants End Up Becoming Small-Business Owners?

August 27, 2014. The National Journal looked at immigrant small business owners, highlighting an aspect of the Fiscal Policy Institute's 2012 report that few others have focused on: which immigrant groups are the most entrepreneurial? Greek immigrants, in fact, have the highest percentage of people in the labor force who are small business owners. According to a report from the Fiscal Policy Institute's Immigration Research Initiative, using data from the U.S. Census Bureau, there are 75,000 Greek immigrants in the U.S. labor force. And of [...]

2014-09-06T12:25:41-04:00August 27th, 2014|FPI in the News|

Influx of South Americans Drives Miami’s Reinvention

July 19, 2014. A New York Times story about Miami's economic growth is grounded in data from the Fiscal Policy Institute about immigrant business owners. Of immigrants in the Miami metro area, the article says: Their relative wealth has allowed them to ramp up businesses like import-export companies and banks, and to open restaurants that dish out arepas from Venezuela, coxinhas from Brazil and alfajores from Argentina. Partly as a result of that influx, the Miami-Fort Lauderdale region eclipsed Los Angeles in 2012 as the [...]

2015-01-26T11:45:42-05:00July 19th, 2014|FPI in the News|

Hundreds of thousands of low-income families would benefit from a New York minimum wage increase

July 17, 2014. David Neumark’s piece in the July 6 Wall Street Journal (“Who Really Gets the Minimum Wage?”) argues that because some low-wage earners are in high-income families, increasing the minimum wage isn’t a very effective way to reduce poverty. In particular, he cites research to the effect that “if we were to raise the minimum wage to $10.10 nationally, 18% of the benefits of the higher wages (holding employment fixed) would go to poor families [but] 29% would go to families with incomes [...]

Iowa Gets $64 Million in Taxes from Immigrants in U.S. Illegally, Report Says

July 2, 2014. A Los Angeles Times article about a report by our colleagues at the Iowa Policy Project talks about the economic and tax contribution of immigrants to the state of Iowa. The Iowa report was developed with data that the Fiscal Policy Institute developed with the Economic Policy Institute, and the article also mentions the FPI report directly: About 120,000 immigrants live in Iowa, and nearly 75,000 are in the U.S. illegally, Fisher said. With Iowa's median age trending upward, immigrants help bolster Iowa's [...]

2014-09-06T12:30:49-04:00July 2nd, 2014|FPI in the News|

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|

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 [...]

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