Monday, October 31, 2011

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[IWS] BLS: New York City PAY PREMIUMS AMONG MAJOR INDUSTRY GROUPS [31 October 2011]

IWS Documented News Service
_______________________________
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
________________________________________________________________________

 

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

 



________________________________________________________________________

This information is provided to subscribers, friends, faculty, students and alumni of the School of Industrial & Labor Relations (ILR). It is a service of the Institute for Workplace Studies (IWS) in New York City. Stuart Basefsky is responsible for the selection of the contents which is intended to keep researchers, companies, workers, and governments aware of the latest information related to ILR disciplines as it becomes available for the purposes of research, understanding and debate. The content does not reflect the opinions or positions of Cornell University, the School of Industrial & Labor Relations, or that of Mr. Basefsky and should not be construed as such. The service is unique in that it provides the original source documentation, via links, behind the news and research of the day. Use of the information provided is unrestricted. However, it is requested that users acknowledge that the information was found via the IWS Documented News Service.

****************************************
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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