Reports, Briefs and Presentations

The Changing Profile of Long Island’s Economy: How U.S.-born workers have fared as immigration has grown

November 17, 2010. This report shows the big overall immigrant contribution to Long Island's economy, stressing the diversity of immigrant jobs, but also looking at whether immigrants are displacing U.S.-born workers or lowering wages. For nearly all Long Island residents the answer is no. However, there is reason for concern about African American men with a high school diploma or less. They seem to be losing ground (higher unemployment rates) as immigrant share of the labor force increases. This issue deserves attention despite the fact [...]

Fiscal Policy Institute2025-04-04T14:27:33-04:00November 17th, 2010|Migration, Press Releases, Reports, Briefs and Presentations|

Background on the Economists Selected by the New York City Economic Development Corporation for Its Living Wage Study

October 27, 2010. City policymakers deserve the benefit of a rigorous study that looks at the actual costs and benefits of extending living wage standards to subsidized development projects. This brief looks at the track record of the lead economist, David Neumark, for the management consulting firm selected by the New York City Economic Development Corporation to conduct a study of the possible economic impact of wage requirements on projects subsidized by the City. The brief examines the extensive criticism of Neumark's past labor market [...]

Fiscal Policy Institute2024-12-18T12:28:49-05:00October 27th, 2010|Economic Trends & Policy, Reports, Briefs and Presentations|

Hundreds of millions at stake for New York’s working families: Current tax debate to determine future of key work-supporting tax credits

September 27, 2010. Low- and moderate-income New Yorkers have a huge stake in the tax debate now going on at the national level: over $600 million annually in work-supporting tax credits. Enhancements to the Earned Income Tax Credit (EITC) and the Child Tax Credit (CTC) that were made by the American Recovery and Reinvestment Act (ARRA) will expire at the end of 2010 unless extended by Congress. A new report from the Fiscal Policy Institute reviews the workings of these two tax credits, how they [...]

Fiscal Policy Institute2024-12-18T12:28:49-05:00September 27th, 2010|Press Releases, Reports, Briefs and Presentations, Tax & Budget|

Federal Tax Policy at a Crossroads

September 21, 2010. This policy brief compares the distributional impacts on New York taxpayers of President Obama's plan and an alternative plan laid our in the Senate Republican leadership bill S.3773 - and looks at the impact of the same two proposals on programs and services. Conclusion? There are five reasons that the Bush tax cuts for the wealthy should be allowed to expire as scheduled, and the modifications of those tax cuts enacted as part of the Recovery Act should be made permanent.

Fiscal Policy Institute2025-04-04T14:27:33-04:00September 21st, 2010|Reports, Briefs and Presentations, Tax & Budget|

The Great Recession Lingers in New York City and its Neighborhoods

September 15, 2010. Economic overview and outlook for New York City - a presentation by FPI's deputy director and chief economist, James Parrott. Presentation >>

Fiscal Policy Institute2024-12-18T12:28:50-05:00September 15th, 2010|Economic Outlook, Economic Trends & Policy, Reports, Briefs and Presentations|

State of Working New York 2010: New York starting to see job growth but not yet recovery

September 5, 2010. While New York and the nation have begun to see some modest job growth, unemployment rates remain unacceptably high and recovery is not yet helping most New York workers. New York is hardly unique; from December 2007 through December 2009, the state lost 250,000 jobs, a 2.8 percent job decline. Forty states had even worse job performance over that period. Those with managerial/professional occupations are earning more in New York City, while those in non-managerial/non-professional occupations are earning less. Both groups are [...]

Fiscal Policy Institute2025-04-04T14:27:34-04:00September 5th, 2010|Economic Outlook, Economic Trends & Policy, Labor Market & Workforce, Press Releases, Reports, Briefs and Presentations|

New York City Immigrants in the Great Recession

August 2, 2010. How are immigrants faring in the economic downturn? Data released by FPI shows that immigrants, who make up nearly half of the New York City labor force, have an unemployment rate that is slightly lower than for U.S.-born workers. First, immigration is sensitive to labor market demand, so when there are fewer jobs, immigration slows. Second, lacking a safety net, immigrants are more likely to work at whatever jobs they can get. U.S.-born workers may have the resources to search longer for [...]

Fiscal Policy Institute2025-04-04T14:27:34-04:00August 2nd, 2010|Economic Outlook, Economic Trends & Policy, Migration, Press Releases, Reports, Briefs and Presentations|

The Self Sufficiency Standard for New York

June 29, 2010. As New York recovers from the current recession, long-term economic prosperity will require responsible planning that puts all New Yorkers on the path to self-sufficiency. What does it take to make ends meet in New York without public or private assistance? How can we measure income adequacy? The Self-Sufficiency Standard published here answers these questions, using the best tools available to set out practical levels of economic security for New York families and individuals. The Self-Sufficiency Standard defines the income needed to [...]

Fiscal Policy Institute2025-04-04T14:27:34-04:00June 29th, 2010|Economic Trends & Policy, Labor Market & Workforce, Press Releases, Reports, Briefs and Presentations|

An Overview of Job Quality and Discretionary Economic Development Subsidies in New York City

May 28, 2010. This brief from FPI together with Good Jobs New York and the National Employment Law Project examines the low wages typically paid for many of the permanent jobs at city-subsidized economic development projects such as Bronx Gateway Mall, Fresh Direct and Yankee Stadium.

Fiscal Policy Institute2024-12-18T12:28:51-05:00May 28th, 2010|Economic Trends & Policy, Reports, Briefs and Presentations|

New York City: Economic and Budget Challenges

May 20, 2010. While Wall Street may have recovered, the average New York worker is still mired in the Great Recession. New York like most states has severe budget problems and not enough Federal aid; moreover, state and local government budget cuts will harm the local economy and slow the national recovery. In this context, the Mayor's NYC budget proposal punishes workers and the poor but does not ask the well-off or Wall Street to share the burden. This presentation includes commentary on the state as [...]

Fiscal Policy Institute2024-12-18T12:28:52-05:00May 20th, 2010|Economic Outlook, Economic Trends & Policy, Reports, Briefs and Presentations, State Budget, Tax & Budget|

Is the recession over in New York?

May 10, 2010. Despite the fact that job numbers are up, unemployment is down, and gross domestic product has increased for three quarters - by the measures that matter, this recession has been worse for New York workers. Wages fell more sharply in this recession than in the two previous. Joblessness has more than doubled. At this point, 400,000 jobs are needed to return NYC unemployment to pre-recession levels. Also see Severe Recession Hangs on in Much of the City in Gotham Gazette's Economy section. [...]

Fiscal Policy Institute2024-12-18T12:28:52-05:00May 10th, 2010|Economic Outlook, Economic Trends & Policy, Letters, Reports, Briefs and Presentations|

New York Has the Ways and Means: How and Why Wall Street Should Give Back to Main Street

April 19, 2010. This new report details how a temporary bonus tax and other Wall Street measures could ease New York's budget crisis and fund property tax relief for the most burdened households. Sensible options for closing the state budget gap meet three goals: Support rather than undermine the needs of New York families. Minimize the negative impact of this year’s budget decisions on the fragile state economy. Require the New York financial industry - which bears responsibility for much of the negative impact on [...]

Fiscal Policy Institute2025-04-04T14:27:35-04:00April 19th, 2010|Press Releases, Reports, Briefs and Presentations, State Budget, Tax & Budget, Tax Policy|

Across the Spectrum: The Wide Range of Jobs Immigrants Do

April 15, 2010. Immigrants are by no means all low-wage workers in the 25 largest metropolitan areas, as this new report shows. In many metro areas, there are more higher-skilled immigrants than there are lower-skilled. Surprisingly, these are not the metro areas with the most economic growth; rather, they are areas with low overall immigration, including Pittsburgh, Detroit, and St. Louis. This is a companion report to Immigrants and the Economy, published November 2009.

Fiscal Policy Institute2025-04-04T14:27:36-04:00April 15th, 2010|Migration, Reports, Briefs and Presentations|