NYU prof Thomas Philippon and U-VA Prof Ariell Reshef have written a tracing the trajectory of wages in the American financial sector over the last century. Not surprisingly, financial-industry wages broke away from the rest of the economy starting i Read More
Today's New York Times "a growing sense" in Albany that the Democrats who now control state government will seek to raise state income taxes on "the wealthiest New Yorkers" to help close a $15 billion budget gap. The Times articl Read More
Data point #1. Metropolitan Transportation Authority executive director Elliot Sander and the authority's board members attracted more than 600 people to their marathon six-and-a-half-hour fare-hike and service-cut hearing in Manh Read More
In a interview in yesterday's Journal, David Swensen, the longtime chief investment officer for Yale's endowment, had an implicit warning for public pension funds and other supposedly "sophisticated" investors (ha ha) whose overseers thi Read More
Over at NY Public Payroll Watch, E.J. McMahon Gov. Paterson and others for allowing the state-run Metropolitan Transportation Authority to abdicate one of its main responsibilities -- negotiating a better contract with the New York City local Tr Read More
Thousands of union members will gather in Albany today to demonstrate against Governor Paterson's proposed state budget cuts, and most of them will no doubt be pushing organized labor's soak-the-rich income tax hike as an alternative. But Steve Kag Read More
Smart private-sector companies are aggressively slashing white-collar pay and benefits to get costs under control amid slumping revenues. New York's public sector, by contrast, has no such clear, assertive plan, even though the state* and the MTA to Read More
New York lost another 126,209 residents to other states during the 12 months ending July 1, according to newly released . The Empire State's loss to "net domestic migration" has reached 1,575,864 people since 2000 -- the most of any state's, toppin Read More