Building Up New York, Tearing Down Job Quality: Taxpayer Impact of Worsening Employment Practices in the New York City Construction Industry

December 5, 2007. In this report FPI finds that construction of affordable housing in NYC is tainted by sub-standard jobs. There is a huge underground economy with rampant employment abuse and tax non-compliance. Workers, taxpayers and honest employers pay the price – $489 million in 2005 and are likely to reach $557 million in 2008 – as construction employment practices deteriorate in New York City. And 50,000 construction workers (one in four) are employed off the books or as so-called independent contractors – at substantial cost to themselves and to taxpayers in general. Press release and full report.