Finance

High-Tech is on The Rise in NYC
Finance

High-Tech is on The Rise in NYC

April 30, 2014 By Stephanie West New York, NY – High-tech is one of the fastest growing industries in New York City, growing four times faster than the rate of job growth in the rest of the city’s economy, with annual salaries that are well above the citywide average.

Comptroller Stringer: Crisis in Affordable Housing
Finance

Comptroller Stringer: Crisis in Affordable Housing

April 24, 2014 By Stephanie West New York, NY—Housing in New York City became less affordable since 2000 as the median apartment rent rose by 75 percent while real incomes declined, according to “The Growing Gap: New York City’s Housing Affordability Challenge,” a report issued by New York City Comptroller Scott M. Stringer. 

Minimum Wage Increase in NY
Finance

Minimum Wage Increase in NY

April 21, 2014 By Neal Tepel New YorK, NY – As efforts to increase the minimum wage to $15 an hour continue to move forward in Seattle and San Francisco, a group of New York lawmakers introduced a bill to raise the minimum wage to $15 an hour for many low-wage workers in the state….

High Paid CEOs in the Low Wage Economy
Finance

High Paid CEOs in the Low Wage Economy

April 17, 2014 by Stephanie West Albany, NY – According to the National AFL-CIO’s 2014 Executive PayWatch website, the average CEO of a company based in New York State made $6,734,750 or 138 times more than the $48,897 earned by the average worker in the state. When compared to the earnings of minimum wage workers…

Close Gender Pay Gap by Insourcing More Jobs
Finance

Close Gender Pay Gap by Insourcing More Jobs

April 16, 2014 By Neal Tepel Washington, DC — American Federation of Government Employees National President J. David Cox Sr. has called on President Obama to close the gender pay gap by hiring more federal employees to take on work now performed by contractors. Women in the federal government on average make 11 cents less on…

Gender Age Gap Still a Factor
Finance

Gender Age Gap Still a Factor

April 9, 2014 By Stephanie West Special Report New York, NY – Comptroller Scott M. Stringer has released an analysis of the gender and wage gap in New York City showing despite the positive effects of the Equal Pay Act, the average woman working full-time still earns only 82 percent of the average man. 

Quirky Creates Jobs in Schenectady
Finance

Quirky Creates Jobs in Schenectady

April 4, 2014 By Alan Schulkin New York, Schenectady – Quirky, an invention company headquartered in New York City, will open an office in downtown Schenectady. and plans to create 180 new jobs. “We are continuing to see companies build and expand operations across our state which means more jobs and economic growth in Upstate…

Local 1407 ‘Brings the Union to the Membership’
Finance

Local 1407 ‘Brings the Union to the Membership’

April 1, 2014 By Steven Wishnia “I thought we could do better in the areas where membership feels separated from the union,” says Maf Misbah Uddin, president of the New York City Accountants, Statisticians & Actuaries, Local 1407 of District Council 37. Since he took office in 2000, he’s been working hard to get the…

NY Village Official Stole Over $100K
Finance

NY Village Official Stole Over $100K

March 26, 2014 By Stephanie West Albany, NY – A former official of the now-dissolved village of Altmar in Oswego County stole more than $117,000 in public funds. The New York State Police have arrested Margaret Bailey and charged her with felony counts of grand larceny and falsifying business records.

Wall Street Bonuses Went Up In 2013
Finance

Wall Street Bonuses Went Up In 2013

March 21, 2014 By Stephanie West Albany, New York – The average bonus paid to securities industry employees in New York City grew by 15 percent to $164,530 in 2013, which is the largest average bonus since the 2008 financial crisis, and the third highest on record.

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