March 27, 2015. As negotiations over New York State’s budget draw to a close, Governor Cuomo and the legislature are trying to hammer out an agreement to raise the state’s minimum wage, which is currently just $8.75 and is currently scheduled to top out at $9.00 at the end of this year. Both Governor Cuomo and the Assembly have proposed measures to raise New York State’s minimum wage, including a higher minimum wage level for New York City in the… (read more)
Jobs, Wages & Income
December 14, 2014. The New York City Social Services Career Ladder Project began in 2014. For a description of the project, click here.
Testimony at the Joint Legislative Public Hearing on the 2015-2016 Executive Budget – Human Services
February 4, 2015. Submitted by Elizabeth McNichol, FPI Senior Fellow. Testimony includes: recommendations for the 2015-2016 state fiscal year; a summary and analysis of actual and proposed reductions in Human Services spending; use of federal Temporary Assistance for Needy Families (TANF) funding in the 2015-2016 Executive Budget; and, the impact of decline in the purchasing power of the monthly cash assistance grant.
January 26, 2015. The incomes of the top 1 percent in New York State were nearly 50 times more than the bottom 99 percent in 2012, according to new analysis published by the Economic Policy Institute for the Economic Analysis and Research Network (EARN). The Fiscal Policy Institute is a founding member of the EARN network. In The Increasingly Unequal States of America: Income Inequality by State, 1917 to 2012, economists Estelle Sommelier and Mark Price update their analysis… (read more)
December 16, 2014. Despite considerable growth in the New York City economy over the past two decades, very little of that growth has trickled down to the average worker and his or her family, according to our new report. Wage standards like the minimum wage and the living wage are critical in ensuring that there is a floor under the job market and that workers are adequately paid. Prevailing wage standards, however, are a key means to ensure that… (read more)
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. 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… (read more)
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… (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… (read more)
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… (read more)
May 22, 2014. How can lifting barriers to economic advancement to immigrants also provide a boost to the New York State economy?
In November, 2013, the Fiscal Policy Institute convened a multi-day retreat to discuss this question. Advocates, organizers, service providers, researchers, and people working in policy development joined FPI at the Blue Mountain Center in the Adirondacks for a series of highly engaging conversations. It was a rare and warmly welcomed instance of people coming together to discuss these… (read more)