Jobs, Wages & Income
February 3, 2016. In its 26th annual New York State budget briefing book, the Fiscal Policy Institute analyzes and comments on Governor Andrew Cuomo’s FY 2017 Executive Budget.
The Executive Budget advances some bold and progressive proposals that well reflect the values and needs of New Yorkers. In particular, the governor has shown great leadership and vision in forcefully advocating for a first-in-the nation statewide $15 minimum wage. If enacted, the minimum wage increase would lift the incomes of … (read more)
January 7, 2016. James Parrott testified at a New York State Senate Standing Committee on Labor hearing. In his conclusion, Parrott asserts that it would be sound public policy for New York State to phase in a $15 an hour minimum wage. Considerable economically sound research supports the conclusion that the businesses can accommodate such an increase. A higher wage floor would generate significant cost savings due to reduced turnover and there is room for modest price increases to ease … (read more)
A Fair Wage for Human Services Workers: Ensuring a government funded $15 per hour minimum wage for human services workers throughout NYS
December 9, 2015. A new report prepared by the FPWA, Human Services Council and FPI, documents the current state of the nonprofit sector providing State-funded human services and discusses the implications of the Governor’s proposed $15 an hour minimum wage. The groups support inclusion of the nonprofit sector workers in the wage increase and make the case for increased State funding in human service contracts.
More than 200,000 human services workers across NYS are the driving force behind services like … (read more)
December 1, 2015. In a new analysis, the Fiscal Policy Institute finds that business profits per worker in New York State increased by 61% from 2001-13, while labor compensation per worker has risen by only 34%, and the typical worker received wage increases of 25-29%, much less than inflation.
James Parrott, the Institute’s Deputy Director and Chief Economist stated: “These data confirm once again that most workers in New York have not been sharing in the fruits of the … (read more)
Fact Checking the Empire Center-American Action Forum Analysis of NY’s Proposed $15 Minimum Wage: Flawed Methods Produce Erroneous Results
November 19, 2015. James Parrott, Deputy Director and Chief Economist of the Fiscal Policy Institute, and Paul Sonn, General Counsel and Program Director of the National Employment Law Project, released this policy brief fact checking the Empire Center/American Action Forum report Higher Wages, Fewer Jobs. The report predicts significant job losses if Governor Cuomo’s proposal to increase New York’s minimum wage to $15 is enacted.
The Empire Center/American Action Forum report uses outdated economics that ignores both the troubling gap … (read more)
October 8, 2015. The New York State Business Council’s statement on the Governor’s proposal to raise New York’s minimum wage to $15 by 2021 leaves out several “inconvenient” truths:
1. A phased-in minimum wage increase will boost the purchasing power of roughly 3 million low-wage New York workers, pumping that increased consumer spending into local businesses and jobs all across the state. Above all else, small businesses need customers; a minimum wage increase will provide them.
2. A higher wage … (read more)
September 25, 2015. James Parrott testified before the New York City Council today regarding three resolutions calling on Congress and the President to take action to address the Puerto Rican fiscal-debt-economic crisis. The resolutions deal with the issues of bankruptcy authority, Federal health care financing, and amending the Jones Act that has significantly raised shipping costs to and from Puerto Rico. Parrott’s testimony discusses the importance of Federal action given the governance constraints imposed on Puerto Rico by its status … (read more)
September 10, 2015. FPI and the National Employment Law Project have again teamed together on a background brief supporting Governor Cuomo’s announcement today proposing a statewide $15 minimum wage. The brief includes demographic data on the 3 million New York workers who would be directly affected by the proposal, along with a summary of the economic arguments in support of a higher New York minimum wage.… (read more)
August 17, 2015. This op-ed by James Parrott, FPI’s deputy director and chief economist, and Jennifer Jones-Austin, CEO and executive director of the Federation of Protestant Welfare Agencies, appeared in City & State.
New York’s leaders should build on the historic recommendation of the Fast Food Wage Board appointed by Gov. Andrew Cuomo and begin moving toward an across-the-board $15-per-hour wage floor. A growing number of major cities around the country have already enacted, or are considering, a $15 floor. … (read more)