Jobs, Wages & Income

Pulling Apart: New Studies Find Income Inequality in New York Worst of Any State

April 23, 2002. … and getting worse rather than better; New York has the most unequal income distribution of the 50 states and the situation in the Empire State has gotten much worse over the last two decades. This is among the findings of a new analysis of income trends in the 50 states by the Center on Budget and Policy Priorities and the Economic Policy Institute, and a companion state-level report by the Fiscal Policy Institute.

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The Employment Impact of the September 11 World Trade Center Attacks: Updated Estimates based on the Benchmarked Employment Data

March 8, 2002. On November 5, 2001, the Fiscal Policy Institute released a report, The Economic Impact of the September 11 World Trade Center Attacks, estimating that New York City would lose a total of 105,200 jobs in the fourth quarter of 2001 as a result of the WTC attacks. FPI’s estimates were developed through numerous interviews with industry sources supplemented with economic analysis of the city economy and input-output analysis of the multiplier effects. At the time of … (read more)

Testimony before the Senate Finance and Assembly Ways and Means Committees’ Joint Public Hearing on Economic Development and Taxation

February 26, 2002. FPI’s testimony before the Senate Finance and Assembly Ways and Means Committees Joint Public Hearing on Economic Development and Taxation.… (read more)

An Exploration of the City’s Role in Lower Manhattan Redevelopment

February 25, 2002. Testimony by James A. Parrott before the City Council of the City of New York Economic Development Committee and the Select Committee on Lower Manhattan Redevelopment. Testimony >>(read more)

Do Tax Increases in New York City Cause a Loss of Jobs?

February 2, 2002. A review of the evidence, by Moshe Adler, Oliver Cook, and James Parrott. Published in State Tax Notes. (A preliminary version of this analysis was presented for review and comment, December 2001.)… (read more)

Economic Impact of the September 11 Terrorist Attacks and Strategies for Economic Rebirth and Resurgence

December 6, 2001. Testimony by James A. Parrott, FPI Chief Economist, before the New York State Assembly Committee on Economic Development and Committee on Small Business. Testimony >>(read more)

Preliminary Analysis: Do Tax Increases in New York City Cause a Loss of Jobs?

December 5, 2001. Moshe Adler, Oliver Cook and James Parrott presented this review of the evidence at the New York State Network for Economic Research conference for review and comment. (The analysis was published in State Tax Notes in February 2002.)… (read more)

World Trade Center Job Impacts Take a Heavy Toll on Low-Wage Workers

November 5, 2001. Occupational and  wage implications of job losses related to the September 11 World Trade Center attack. Report >>(read more)

Economic Impact of the September 11 World Trade Center Attack

September 28, 2001. A preliminary report. Report >>(read more)

Despite good economic times of the last several years, 2.5 million New Yorkers continue to live in poverty

September 25, 2001. New York’s official poverty rate fell from 14.1% in 1999 to 13.4% in 2000, but more than 2.5 million New Yorkers continue to have incomes below the official poverty thresholds, according to the new income and poverty statistics released by the U.S. Bureau of the Census this morning. Press release with New York data >>(read more)