November 19, 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 policy brief fact checking 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The Empire Center/American Action Forum report uses outdated economics that ignores both the troubling gap between wage and business profit growth in New York and the reality that low-wage business practices force New York’s taxpayers to subsidize low-wage employers to the tune of billions of dollars annually. James Parrott