Offsetting the Cost of a Minimum Wage Increase

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As the attached Congressional Budget Office report makes clear, increasing the minimum wage increases the cost of a minimum wage worker and induces a reduction in labor utilization. Essentially, an increase in the minimum wage is a tax on the employers of minimum wage workers. It could also be classified as an unfunded mandate. Tax… Read more »Read more

The Road to Tech Superstardom Starts Here

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“For New York City, the establishment of top-tier applied sciences and engineering campuses is a once-in-a-generation opportunity to dramatically increase our potential for economic growth.” — Michael Bloomberg Mayor Bloomberg hits it right on the head. A major technological institute is not an ego play, or a real estate development, it is the primary catalyst… Read more »Read more