June 16, 2016. In Income inequality in the US by state, metropolitan area, and county, a new report published by the Economic Policy Institute (EPI) for the Economic Analysis and Research Network (EARN), Mark Price, an economist at the Keystone Research Center in Harrisburg, PA and Estelle Sommeiller, a socio-economist at the Institute for Research in Economic and Social Sciences in Greater Paris, France detail the incomes of the top 1 percent and the bottom 99 percent by state, … (read more)
June 16, 2016. The Fiscal Policy Institute and the Center for American Progress released a report that analyzes how four key refugee groups—Bosnians, Burmese, Hmong, and Somalis—in the United States are doing on key indicators of integration, such as wages, labor market participation, business ownership, English language ability, and citizenship. As the United States and other countries wrestle with how to handle the sharp rise in the number of people around the globe displaced by conflict and persecution, the long-term … (read more)
June 2, 2016. The following article by James Parrott appeared in the Spring 2016 issue of The American Prospect magazine.
If you want to learn about the latest manifestations of inequality in urban America, read the real-estate sections of newspapers and magazines and check out the photo spreads on luxury condos in new residential skyscrapers. The palatial size, lavish finishes, and breathtaking price tags of these properties are advertisements of our new Gilded Age. In the area immediately south of … (read more)
May 18, 2016. FPI applauds the White House and Labor Secretary Thomas Perez in announcing a new federal overtime regulation today requiring overtime pay for most salaried workers earning up to $47,476 a year (or $913 weekly). FPI’s James Parrott stated, “This will benefit an estimated 982,000 New York salaried workers with either additional pay for more than 40 hours a week, or by scaling back the long hours they work each week without any reduction in pay.”
The Washington, … (read more)
May 12, 2016. The U.S. Postal Service (USPS) is under attack by forces that favor privatization and oppose sensible proposals to invest in expanding its package delivery services and in re-introducing postal banking services that exist in many countries and that were provided in the United States from 1910 to 1966. With the Postal Service’s unparalleled network of post offices in every neighborhood and village in the country, postal banking has the potential to provide affordable, consumer-friendly financial services to … (read more)
June 1, 2016, Albany. The Fiscal Policy Institute is honoring Assembly Speaker Carl Heastie, Congressman Paul Tonko, and NYSUT President Karen Magee at a fundraiser benefitting the Fiscal Policy Institute on Wednesday, June 1, 2016, from 6:00 to 8:00 p.m. at the Empire State Plaza’s Albany Room. You may register online. … (read more)
April 19, 2016. Missouri’s appropriations bill for higher education includes instructions that would leave immigrants who have been granted deferred action in the position of having to pay a much higher tuition rate at state colleges. For every student this discourages from going to community college, the student loses $7,000 in potential earnings and the state and local governments lose $630 in potential tax contributions. For those who don’t get a bachelor’s degree, it costs the typical student $21,000 per … (read more)
March 31, 2016. The Fiscal Policy Institute is pleased to hear that a deal has been reached on increasing the minimum wage and that New York is on a path to $15 for all workers. This historic decision will provide wage increases to over 3.1 million New Yorkers that need and deserve a raise. Approximately 46 percent of workers benefiting from this increase, those in New York City, will see their wages rise to $15 per hour by the end … (read more)
March 24, 2016. For the bulk of low-wage occupations most likely to be affected by a higher minimum wage, wage levels are fairly uniform between upstate and downstate. Phasing in the minimum wage increase over 6 years to 2021 for the upstate areas as opposed to 3 years for downstate provides ample time for upstate businesses whose wage levels generally are 5% to 10% lower than downstate to adjust to the higher wage floor. See the complete brief for further … (read more)
March 23, 2016. In a brief, the Fiscal Policy Institute states that gradually raising the New York State minimum wage from its current level of $9/hour to $15/hour by 2019 in New York City and mid-2021 in the rest of the state would give a much-needed raise to 1.1 million immigrant workers.
In all, there are 3.2 million New York workers who will benefit from the phased-in wage increase, which would on average increase wages by $4,900 per year. These … (read more)