FPI-NELP Response to Empire Center/American Action Forum Report on Governor Cuomo’s Proposed $15 Minimum Wage

November 5, 2015. James Parrott, Deputy Director and Chief Economist of the Fiscal Policy Institute, and Paul Sonn, General Counsel and Program Director of the National Employment Law Project, released this response to the Empire Center/American Action Forum report Higher Wages, Fewer Jobs. The report predicts significant job losses if Governor Cuomo’s proposal to increase New York’s minimum wage to $15 is enacted.

The Empire Center/American Action Forum report uses outdated economics that ignores both the troubling gap between wage … (read more)

2015 FPI Annual Breakfast

December 3, 2015, Manhattan. FPI’s 2015 annual breakfast fundraiser will honor Jennifer Jones Austin, Barbara Bowen, and Bob Herbert.… (read more)

Extend Tax Credits to the Poor

October 12, 2015. The following op-ed by Ron Deutsch appeared in the Times-Union.

Millions of Americans go to work each day, sometimes balancing multiple low-wage jobs, and yet they still struggle to make ends meet for themselves and their families. The fact is, far too many hardworking Americans slip into poverty each year. I see this firsthand in my role at the Fiscal Policy Institute.

We do, however, have two powerful and effective tools that encourage work and help … (read more)

FPI-NELP Response to NYS Business Council Statement on Gov. Cuomo’s $15 Minimum Wage Proposal

October 8, 2015. The New York State Business Council’s statement on the Governor’s proposal to raise New York’s minimum wage to $15 by 2021 leaves out several “inconvenient” truths:

1.     A phased-in minimum wage increase will boost the purchasing power of roughly 3 million low-wage New York workers, pumping that increased consumer spending into local businesses and jobs all across the state. Above all else, small businesses need customers; a minimum wage increase will provide them.

2.     A higher wage … (read more)

Need for Federal Action to Address Puerto Rico’s Fiscal, Debt and Economic Crisis

September 25, 2015. James Parrott testified before the New York City Council today regarding three resolutions calling on Congress and the President to take action to address the Puerto Rican fiscal-debt-economic crisis. The resolutions deal with the issues of bankruptcy authority, Federal health care financing, and amending the Jones Act that has significantly raised shipping costs to and from Puerto Rico. Parrott’s testimony discusses the importance of Federal action given the governance constraints imposed on Puerto Rico by its status … (read more)

Governor Cuomo’s Call for Raising New York’s Minimum Wage to $15 Statewide

September 10, 2015. FPI and the National Employment Law Project have again teamed together on a background brief supporting Governor Cuomo’s announcement today proposing a statewide $15 minimum wage. The brief includes demographic data on the 3 million New York workers who would be directly affected by the proposal, along with a summary of the economic arguments in support of a higher New York minimum wage.… (read more)

The Importance of a $15 Wage Floor for New York’s Nonprofits

August 17, 2015. This op-ed by James Parrott, FPI’s deputy director and chief economist, and Jennifer Jones-Austin, CEO and executive director of the Federation of Protestant Welfare Agencies, appeared in City & State.

New York’s leaders should build on the historic recommendation of the Fast Food Wage Board appointed by Gov. Andrew Cuomo and begin moving toward an across-the-board $15-per-hour wage floor. A growing number of major cities around the country have already enacted, or are considering, a $15 floor. … (read more)

Letter to Wage Board on $15 Minimum Wage for Fast-Food Workers

June 26, 2015. James Parrott, deputy director and chief economist, authored this letter to the Fast Food Wage Board to support testimony he previously presented to the Board.… (read more)

Testimony: The Establishment of a New York City Retirement Security Board

June 23, 2015. James Parrott testified at a New York City Council Committee on Civil Service and Labor on the establishment of a New York City Retirement Security Board. The case for a retirement security fund and program for private-sector workers can be summed up as follows: New York City’s population is aging, many private sector workers do not have employer-provided retirement coverage, and our tax system rewards those who have employer-provided retirement coverage but does relatively little to help … (read more)

Addressing the Unintended Consequences of the Property Tax Cap

June 10, 2015. In 2011 New York established a property tax cap for school districts, counties and municipalities. New York should proceed cautiously before making the cap permanent in order to gather more information on the impact of the cap. Increasing state funding of services like education, healthcare or providing targeted property tax relief such as a circuit breaker credit would be more effective and efficient ways to address high property taxes. But short of eliminating the cap, here are … (read more)