Monday, October 31, 2011
Tweet[IWS] BLS: New York City PAY PREMIUMS AMONG MAJOR INDUSTRY GROUPS [31 October 2011]
IWS Documented News Service
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Institute for Workplace Studies----------------- Professor Samuel B. Bacharach
School of Industrial & Labor Relations-------- Director, Institute for Workplace Studies
Cornell University
16 East 34th Street, 4th floor---------------------- Stuart Basefsky
New York, NY 10016 -------------------------------Director, IWS News Bureau
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Monthly Labor Review, October 2011
Pay premiums among major industry groups in New York City
http://www.bls.gov/opub/mlr/2011/10/art3full.pdf
[full-text, 7 pages]
Although workers in New York City continue to earn substantially more on average than workers in lower-cost areas, most of the rise in New
York City’s pay premium is attributable to growth in average pay in the financial activities industries; despite a 2007–2009 decline, the financial
activities pay premium nearly doubled during the 1990–2009 period.
See press release below:
NEW YORK-NEW JERSEY INFORMATION OFFICE
For release Monday, October 31, 2011
Media Contact: Lisa Boily • (646) 264-3619 • boily.lisa@bls.gov
Pay Premiums among Major Industry Groups in New York City:
An article in the Monthly Labor Review
Although workers in New York City continue to earn substantially more on average than workers in lower-cost areas,
most of the rise in New York City’s pay premium is attributable to growth in average pay in the financial activities
industries; despite a 2007–2009 decline, the financial activities pay premium nearly doubled during the 1990–2009
period.
Some findings are listed below:
· The pay premium for New York City’s financial industries rose from 83 percent in 1990 to 178 percent in 2010.
See chart below.
· For non-financial industries, the City’s pay premium was unchanged at 35 percent.
· Three of the top five supersectors--trade, transportation, and utilities, education and health services, and.
government--experienced a decline in pay premium from 1990 to 2009.
The article is available online at www.bls.gov/opub/mlr/2011/10/art3full.pdf
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Stuart Basefsky
Director, IWS News Bureau
Institute for Workplace Studies
Cornell/ILR School
16 E. 34th Street, 4th Floor
New York, NY 10016
Telephone: (607) 262-6041
Fax: (607) 255-9641
E-mail: smb6@cornell.edu
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