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NYC Employment Paradox

Thursday, August 23, 2012

(Eastern Consolidated)

New York City keeps adding jobs, but the unemployment rate stays the same. Barbara Byrne Denham, chief economist at Eastern Consolidated, talks about NYC employment paradox and what it says about the area economy.

Guests:

Barbara Byrne Denham
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Comments [5]

John from NYC

This guest comment about the NYC economy is becoming more diversified with more retail, restaurant jobs and tourism. Unfortunatley you would need two or three of these type jobs to pay your bills.
I don't see how an increase in tourism industry really is a benefit unless you have an ownership interest in a restaurant or hotel. Essentially the neighborhoods of Manhattan where tourism becomes popular actually are more expensive for the local residents to buy goods and services.

Aug. 23 2012 10:49 AM
Leo from Queens

Brian: "New York economy is growing very strongly".. What dimension do you live in? New York's economy is not growing very strongly or even strongly.

Aug. 23 2012 10:43 AM
gary from queens

Thank you Martin. I actually like your take better! One segment explains the next.

I wonder if that minimum wage bill passed the council. But you can be sure that issue will be raised. But not the fact that it increases unemployment, or that the minimum wage was not intended to be a "Living wage." It's for entry level workers.

If you are paid a low salary, you are in a entry level position, and you should thereafter seek better employment. In a free market, you get paid what you are worth. I got paid what I was worth in the graphic arts industry, and other people got paid what they were worth. That's the way things used to work. And if you didnt like your wage, you looked for another job or career.

For some reason, liberals think that government should decide the value of someone's labor, instead of the person who's hired and is actually paying the worker. Again, it's the government knows best liberal philosophy here.

Aug. 23 2012 10:04 AM
Martin Chuzzlewit from Manhattan

OH, GARY ....you beat me to it !!!!!

LOL.... Gary is spot on......if you want an explanation for THIS SEGMENT, look to the clueless, job-killing entitlement seekers featured in the THIRD SEGMENT. (No doubt Cantor will come up with some phony left-wing study by a union front group that shows data claiming that these benefits, along with "living wage" rules, actually CREATE jobs by the millions.)

What a hilarious juxtaposition.....thanks, BLS staff.

Aug. 23 2012 09:39 AM
gary from queens

It's too bad you don't have Dan Cantor, of the Working Families Party (formerly, the Communist Party) in THIS segment, instead of later in the show.

Because he can explain how legislation to force employers to pay for sick leave would increase unemployment in the city.

But then again, only a conservative would point that out, and conservatives are not allowed anywhere near Brian's show.

Aug. 23 2012 09:08 AM

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