New York City economy

In Manhattan, Poor Make 2¢ for Each Dollar to the Rich

September 4, 2005. Sam Roberts cites FPI’s report The State of Working New York City 2005 in his New York Times story on income inequality in New York City.

Trump Tower on Fifth Avenue is only about 60 blocks from the Wagner Houses in East Harlem, but they might as well be light years apart. They epitomize the highest- and lowest-earning census tracts in Manhattan, where the disparity between rich and poor is now greater than in any other county … (read more)

Little in the Middle

September 4, 2005. An op ed by David Dyssegaard Kallick, New York Times.

ON this Labor Day weekend, here’s something to think about: New York City’s middle class is shrinking. Once a solidly middle-class place, New York has become a city of rich and poor.

What’s going on, in part, is a worrisome shift in the structure of the New York job market. The economic boom of the 1990’s didn’t do much to lift middle-income New Yorkers; people in … (read more)

Who foots the bill for $6-billion rail job?

June 6, 2005. While Pataki and Bloomberg push for a Manhattan-JFK link, more pressing projects are at risk. An op ed by FPI Senior Fellow David Dyssegaard Kallick, Newsday. Read >>(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)

The Tentative Recovery is Still a Long Way from Restoring Jobs, Wages and Incomes to Pre-Recession Levels for New York City’s Low- and Moderate-Income Households

May 2, 2005. Testimony by James Parrott, FPI Chief Economist, before the New York City Rent Guidelines Board. Testimony >> (read more)

Keeping New York’s Transit System Safe and On-Track for the Future: The MTA Operating and Capital Budgets

February 2, 2005. An analysis based on Governor Pataki’s 2005-2006 executive budget. Presentation >>(read more)

How Will the Proposed West Side Stadium Complex Impact Our City?

June 3, 2004. Testimony before the NYC Council Economic Development Committee. Testimony >>(read more)

Building Jobs: A Blueprint for the “New” New York

January 2004. Prepared for the Building Trades Employers’ Association of New York and the Consortium for Worker Education. Report >>(read more)

Revitalize New York By Putting People to Work: A Jobs-Based Strategy for Economic Diversification and High-Road Growth

July 11, 2003. A comprehensive proposal for economic revitalization in New York City after the September 11, 2001, attacks. Published by LCAN, the Labor Community Advocacy Network to Rebuild New York, a network of 40 organizations convened by the Fiscal Policy Institute and the Central Labor Council, and coordinated by FPI senior fellow David Dyssegaard Kallick.… (read more)

Security Guards & Building Services Occupations in New York City: Trends and Issues

June 28, 2003. A labor market profile prepared by the Fiscal Policy Institute. Read the report >>(read more)