The Next NYC Mayor’s Biggest Economic Challenge: Promoting Equitable Growth

August 12, 2013. “Promoting Equitable Growth” was the answer FPI’s James Parrott gave to the question, “What is the biggest economic challenge facing the next mayor of New York City?” Parrott’s response appeared recently in The New York Times’ “Room for Debate” on-line feature. Noting that income polarization is “America’s greatest challenge,” Parrott proposed that “The next mayor needs to infuse a growth agenda with recognition that more New Yorkers should share in the prosperity that results when individual efforts are combined with socially created building blocks for growth.” Parrott continued, “City Hall should provide the leadership to show that reducing poverty, raising low wages, enhancing economic security and expanding opportunities are not only compatible with growth but a necessary by-product.”

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