Income distribution, inequality and poverty

16 percent in the Empire State lived in poverty – two years running

September 12, 2012. Earlier today, the U.S. Census Bureau released its Current Population Survey (CPS) poverty estimates for 2011 for the nation and the 50 states. The release also included revised estimates for 2010.

The overriding message of the poverty data released today is that the poverty rate remains much too high – demonstrating the continuing impact of the Great Recession and the tepid and tenuous economic recovery. (The poverty rate is the percentage of people living below the federal … (read more)

Employment Patterns in NYC’s Low-Income Neighborhoods

September 12, 2012. James Parrott presented an overview of income and earnings to the New York City Workforce Funders, a group that meets quarterly to share information about workforce issues and enhance the effectiveness of New York City’s workforce development programs.… (read more)

Mind the income gap: Rich-and-poor divide continues

May 27, 2012. A letter to the editor by Frank Mauro and James Parrott, Crain’s New York Business.

Greg David’s recent blog post on income inequality (“Flash: Inequality falls dramatically in NYC”) leaves out an important part of the story. Yes, incomes of the top 1% fell during the 2008-09 recession, and the top 1% share of total income declined. But since then, income polarization has clearly resumed.

Berkeley economist Emmanuel Saez reported in early March that the top 1% … (read more)

New York’s Unemployment Crisis and Income Polarization: Looking to State Policy for Solutions

December 2, 2011. A presentation by James Parrott at the Center for Working Families’ 2011 NYS policy conference: Good Ideas in Hard and Exciting Times: Policies for New York’s 99%. The last two slides show the overall regressivity of the New York State and New York City tax systems.… (read more)

Scant recovery for workers in NYC: Young workers see gains, but unemployment worsens for older workers

July 20, 2011. This report, the latest on “The State of Working NYC,” finds several crosscurrents in the first year after the job market bottomed out in NYC. Young workers (ages 16-21 and 22-27) gained in the recovery, contrary to the national trend of decreasing employment rates for these age groups. Unfortunately, older workers too bucked the trend: nationally they made small gains, but in NYC they fared worst of all age groups. While NYC’s job growth outpaced the nation’s … (read more)

Who’s Fudging What?

February 1, 2011. A response to an editorial in the New York Post, which argued that New York’s extreme income polarization is not a problem.… (read more)

As Incomes Gap Widens, New York Grows Apart

January 18, 2011. An article by James Parrott, FPI’s deputy director and chief economist, who writes regularly for Gotham Gazette’s Economy section. Article >>(read more)

Across the state, socioeconomic disparities need to be reduced

January 2, 2011. An op ed by Frank Mauro, Albany Times Union.… (read more)

Grow Together or Pull Further Apart? Income Concentration Trends in New York

December 13, 2010. New data shows that extreme inequality restrains growth for most New Yorkers – polarization trends in New York City and New York State expose an economic fault line. A new report from FPI documents the pronounced concentration of income growth that has occurred in New York State and New York City since 1980 – the first time that state income tax data has been compiled to analyze trends since 1980 in income growth by various segments of … (read more)

Oversight: New York City Poverty 2010 – A Look at the Impact of the Recession on Communities, People, and the Administration’s Poverty Reduction Plan

October 28, 2010. Testimony presented by James Parrott before the New York City Council Committee on Community Development.… (read more)