January 20, 2006. Economic analysis by the FPI for the New York City Employment and Training Coalition and the New York City Workforce Investment Board. Among the findings: With several very large employers, this sector currently employs 200,000 workers and will offer tens of thousands of career opportunities over the next ten years. The jobs are more likely than others in NYC to be full-time and union-represented; workers tend to be non-white, male, and/or immigrants. Even in a globalizing … (read more)
December 22, 2005. One of the issues raised by the late December 2005 strike by Local 100 of the Transport Workers Union (TWU) was the future of pension or retirement plans for American workers. A debate has also ensued about the validity of the claims by the Metropolitan Transportation Authority (MTA) that pension costs are a significant cause of its projected budget gaps in 2008 and beyond, and about the pros and cons, from a policy perspective, of the MTA’s … (read more)
New National Report Offers Sobering Look at Trends in New York’s Early Childhood Education Workforce
September 15, 2005. This issue of Fiscal Policy Note$ takes a look at a comprehensive new report, Losing Ground in Early Childhood Education, from the Economic Policy Institute, the Keystone Research Center, and the Foundation for Child Development. Among the findings: qualifications decline among early childhood education workers with less one fourth now having college degrees. Since the early 1980s, there has been a large and unsettling dip in the qualifications of the early childhood education workers in New … (read more)
Taking Away the Ladder of Opportunity: Hotel Conversions and the Threat Posed to New York City’s Tourism Jobs and Economic Diversity
May 17, 2005. Despite record tourism and business travel levels, the wave of conversions of high-end hotel rooms to luxury condominiums is costing the city dearly in terms of hotel jobs. Over 3,200 Manhattan hotel rooms will be lost in 2004 and 2005 and another 3,000 hotel rooms are in jeopardy of conversion. As a result of conversions, hotel employment in New York City has fallen by 2,200 or five percent since September 2004.
Considering the importance of a prosperous … (read more)