Press Releases

Helping the Helpers Will Help Us All: The Economic Situation of New York City’s Health Care and Social Assistance Sector

May 7, 2012. A new report from FPI looks at the importance of jobs in the nonprofit health care and social assistance sector in New York City, and examines how the hardships facing the city's low-income population - the main constituency served by the nonprofit human services sector - have grown in the wake of the Great Recession of 2008-2009 and the weak recovery over the past three years. Full report Press release Companion report released by the Human Services Council of New York City Also [...]

2020-11-13T15:09:27-05:00May 7th, 2012|Economic Outlook, Economic Trends & Policy, Must Read, Press Releases, Reports, Briefs and Presentations, Social Policy|
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Groups call on Governor Cuomo to drop transfer language from state budget

March 8, 2012. FPI and 16 other groups delivered a letter to Governor Andrew Cuomo today asking him to drop language included hundreds of times in his executive budget proposal for 2012-2013. The language undercuts legislative authority and effectively removes the public from decisions regarding the use of taxpayer money by giving the Governor power to move money between state agencies without oversight. The language goes even further than that, authorizing suballocations from "on budget" state agencies to "off budget" public authorities. Press release >> [...]

2012-04-21T11:56:12-04:00March 8th, 2012|Blog, Press Releases, State Budget, Tax & Budget|
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Blacks and Hispanics bear the brunt of the continuing unemployment crisis – in New York and across the country

February 16, 2012. New data show that New York's black and Hispanic workers have been hit especially hard by joblessness during the recession and the weak recovery. According to a report released today by the Economic Policy Institute, No relief in 2012 for high unemployment for African Americans and Latinos, New York is one of 14 states with double digit unemployment rates for both blacks and Hispanics. Press release with New York figures>>

2020-11-13T14:50:33-05:00February 16th, 2012|Economic Outlook, Economic Trends & Policy, Press Releases|
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National tax expert calls for closing New York State Tax loopholes

January 31, 2012. Lawmakers, tax experts and advocates gathered to urge that corporate tax loopholes be closed, pointing to a recent report from Citizens for Tax Justice and the Institute on Taxation and Economic Policy, Corporate Tax Dodging In the 50 States, 2008-2010, which reveals glaring inequities in the way that businesses are taxed (or not taxed). Working from the principles of enforcement, fairness, and transparency, the their taxes, reforming the state’s Corporate Alternate Minimum Tax, taxing nonresident hedge fund management fees, eliminating New York [...]

2012-04-20T00:42:46-04:00January 31st, 2012|Press Releases, Reports, Briefs and Presentations, Tax & Budget, Tax Policy|
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Raising New York’s minimum wage will boost the state economy

January 30, 2012. The change would directly benefit about one in six of New York workers - that is, 1.6 million low-wage workers - and their families. Most (90 percent) of these low-wage workers are adults and a greater share are women, black or Hispanic than for New York workers overall. The minimum wage in New York is low by historical standards - at one time it could keep a family of three out of poverty - and in comparison to other states. Moreover, the [...]

2020-11-13T14:58:54-05:00January 30th, 2012|Economic Trends & Policy, Labor Market & Workforce, Press Releases, Reports, Briefs and Presentations|
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Coalition calls on Governor and Legislature to close corporate tax loopholes and level the playing field for small business

January 9, 2012. A coalition of community, labor, student, faith and Occupy organizations gathered to release a list of corporate tax dodgers and to announce their campaign to bring fairness and transparency to New York's corporate tax system. The group, which formed last year to work on the "millionaires tax" and personal income tax reform, is calling on Governor Cuomo and the Legislature to close corporate tax loopholes, thereby raising over one billion dollars for this year's state budget. The additional revenue will help New [...]

2012-06-21T20:25:52-04:00January 9th, 2012|Blog, Press Releases, State Budget, Tax & Budget, Tax Policy|
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State of Working New York 2011, Part II: Great Recession takes a $31 billion toll on New Yorkers

November 29, 2011. New data show that New York families face smaller incomes, fewer opportunities, more hardship. The Fiscal Policy Institute's 2011 annual edition of the State of Working New York examines how bad the Great Recession and the not-so-great "recovery" have been for the wages and incomes of typical New Yorkers. Of the 504,000 jobs lost, 80 percent are wage and salary positions, and about 20 percent represent fledgling businesses that haven’t been started because of the difficult economic climate. Median household incomes in [...]

2020-11-13T14:50:33-05:00November 29th, 2011|Economic Outlook, Economic Trends & Policy, Press Releases, Reports, Briefs and Presentations|
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New Americans on Long Island: A Vital Sixth of the Economy

October 27, 2011. Immigrants - documented and undocumented combined - make up 16 percent of the population of Long Island, and account for 17 percent of total economic output. This report presents data on jobs, earnings, family income, taxes, and home ownership. Immigrants' economic role is examined town by town and in a national context as well. Among the 50 most affluent suburban counties in the country, Nassau and Suffolk are neither at the top nor the bottom of any of several measures of immigration. [...]

2021-04-07T12:01:42-04:00October 27th, 2011|Migration, Press Releases, Reports, Briefs and Presentations|
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New group calls for boosting New York mass transit manufacturing

October 11, 2011. Enhanced MTA investments could create good jobs and bolster New York's recovery. While unemployment news remains bleak across the state and country, a recently released white paper, Building New York's Future: Creating Jobs and Business Opportunities Through Mass Transit Investments, points to the benefits of a broad transit manufacturing strategy. A new group - Building New York's Future - has formed with the mission of developing and implementing a mass-transit related economic development strategy, building political commitment to the strategy across the [...]

2020-11-13T14:56:16-05:00October 11th, 2011|Economic Trends & Policy, Press Releases, State Budget, Tax & Budget|
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Bloomberg Administration Releases Flawed Living Wage Study

October 5, 2011. Working together, the National Employment Law Project, FPI, and Good Jobs New York find that the study released today ignores basic flaws flagged months ago, flaws in both factual assumptions and research methodologies. And, the study's relevance is questionable, since it fails to account for changes to the living wage proposal announced this month, which clarify that the proposal will not cover the most of the project types comprising the bulk of the study. The study - believed to be the most [...]

2020-11-13T14:58:54-05:00October 5th, 2011|Economic Trends & Policy, Labor Market & Workforce, Press Releases|
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Immigrants Make up Half of All Small Business Owners in NYC

October 3, 2011. New numbers from FPI's Immigration Research Institute show that immigrants make up almost half of all small business owners in New York City. And, immigrants in the labor force are somewhat more likely than U.S.-born workers to own small businesses. Immigrant small business owners are an extremely diverse group, with no single country of origin dominating; in fact, the top ten groups together still make up just 45 percent of the total number of immigrant small business owners. The businesses immigrants own [...]

2020-11-13T14:48:30-05:00October 3rd, 2011|Economic Outlook, Economic Trends & Policy, Migration, Press Releases, Reports, Briefs and Presentations|
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State of Working New York 2011, Part I: One in seven New Yorkers out of work two years into “recovery”

August 31, 2011. FPI's 2011 annual edition of the State of Working New York documents New York's continuing unemployment crisis in the context of the weak national economic recovery. Two years into the "recovery" from the Great Recession of 2008-2009, one in seven New York workers is unemployed, under-employed or has given up looking for work - a total of 1.4 million New Yorkers. Long-term unemployment is at record levels. Half of the unemployed have been out of work for more than six months, and [...]

2020-11-13T14:50:33-05:00August 31st, 2011|Economic Outlook, Economic Trends & Policy, Press Releases, Reports, Briefs and Presentations|
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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 early in the recovery, in [...]

2020-11-13T14:48:30-05:00July 20th, 2011|Economic Outlook, Economic Trends & Policy, Labor Market & Workforce, Press Releases, Reports, Briefs and Presentations|
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Top ten reasons a living wage makes sense for New York City

May 5, 2011. Among the reasons to support an expanded living wage: the rising educational attainment yet falling real wages of New York City’s low-wage workers, and a sharp rise over the past two decades in the number of working poor. The City Council will hold a hearing on May 12 on legislation to extend the city’s living wage law to cover large subsidized economic development projects. Press release and policy brief.

2020-11-13T14:58:54-05:00May 5th, 2011|Economic Trends & Policy, Labor Market & Workforce, Press Releases, Reports, Briefs and Presentations|
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