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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 who make $8.00 per hour in New York State, the gap between CEO and worker pay jumps up to a 405:1 ratio.  

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 the dollar than their male counterparts, compared to nearly 20 cents less in the private sector.

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

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 New York,” Governor Cuomo said.

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 rank and file more involved, a philosophy he calls “bringing the union to the membership.”

PEF Pushes Back Against State Cuts

March 31, 2014
By Steven Wishnia

Susan M. Kent, who took office as president of the Public Employees Federation in August 2012, sees her job as two struggles: fighting back against state budget cuts and privatization, and strengthening the union after a divisive 2011 contract battle.

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

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.

Mayor's Fund Helps Victims of Harlem Explosion

March 17, 2014
By Stephanie West


New York, NY – First Lady Chirlane McCray, Chair of the Mayor’s Fund to Advance New York City, announced the launch of a fundraising drive that will address the ongoing needs of those affected by the East Harlem explosion and building collapse on March 12. The funds will support a strategic relief plan including: a victims’ assistance fund to cover costs associated with rent, funeral arrangements and household expenses; case management and counseling services; and community-based outreach focused on immigrant communities.

Workers and the Economy Benefit from Overtime Pay

March 17, 2014
By Mary Kay Henry, SEIU President


Washington, DC -- After President Obama announced an executive order that would expand overtime pay to more workers, Mary Kay Henry, President of the Service Employees International Union (SEIU) issued the following statement:

Identity Theft and The IRS

March 13, 2014
By Salvatore J. Armao, CPA/PFS, CFP, CFE, CGMA Managing Partner, Armao LLP


According to a recent release by the Internal Revenue Service entitled Tips for Taxpayers, Victims about Identity Theft and Tax Returns, “Identity theft remains a top priority for the Internal Revenue Service in 2014. Identity theft is one of the fastest growing crimes nationwide, and refund fraud caused by identity theft is one of the biggest challenges facing the IRS.”

Wall St. Bonuses Up Up and Away

March 13, 2014
By Stephanie West


Albany, NY - 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, according to an estimate released by New York State Comptroller Thomas P. DiNapoli. The bonus estimate includes cash bonuses for the current year, supplemented by compensation deferred from prior years.

Contractor Arrested in $87K Theft

March 4, 2014
By. Stephanie West


State Comptroller Thomas P. DiNapoli and Attorney General Eric Schneiderman have announced the arrest of Department of Health (DOH) contractor George Dunkel for stealing more than $87,000 by padding bills to pay for hotels, education credits and other expenses.

CSEA Says Budget Cuts Crippling Social Services

February 26, 2014
By Steven Wishnia

Moving convicted sexual predators into group homes in residential areas is just one example of how years of state budget cuts are slashing deep into social services, the state’s leading public-employee union says.

 

Fear of Organizing Holds Down Bank Tellers

February 20, 2014
By Joe Maniscalco

Bank tellers of the world unite!

New York, NY - Low-wage bank tellers and associated support staffers forced onto public assistance and unable to afford even a box of diapers for their children - are still too frightened to organize for better working conditions, according to a worldwide coalition now seeking to unite the downtrodden U.S. workforce.

Unions, Norma Rae, & the Victory of Ethics!

February 4, 2014
By Steven Weiner

As Friends of Labor has described before on this blog, the unrelenting efforts by corporations (backed by some state governments) to decimate collective bargaining agreements and destroy unions have arisen because the successes of the American labor movement have cut into companies’ profits.  

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