Crain’s New York Business posted an Associated Press story on New York City’s measure to protect unemployed job applicants against discrimination. Businesses and Mayor Michael Bloomberg strongly objected to the measure saying lawmakers shouldn’t dictate how hiring decisions are made, however the City Council overrode his veto.
Crain’s New York Business reporter, Matthew Flamm, wrote about The New York Times launching of a prototype of a redesign of its website. According to an announcement by the paper, the prototype experiment is to gain feedback about “the functionality, design, navigation and overall experience of the planned redesign.”
This story comes to us from Adrianne Pasquarelli, reporter for Crain’s New York Business. New York City based Juice Press is growing… fast. The company makes… this is from its website… “incredible tasting 100% raw unpasteurized and “made to order” smoothies. we use superfood ingredients such as spirulina, raw cacao, raw maca, and hemp seeds. we have an easy to follow juice cleansing program, an extensive all homemade menu of raw foods and desserts, and we are quite funny.” Love it already.
Index of Billings by Firms Has Risen Six Months in a Row, its Longest Winning Streak Since the Boom Years. One Caveat, the Northeast is the Nation’s Weakest Region.
Matt Chaban of Crain’s New York Business wrote the following good news-bad news story.
In another sign that the battered real estate industry is rebounding from its post-bubble slump, the American Institute of Architect’s monthly index of architecture billings has reached its highest level since November 2007. The index has now risen for six straight months, the longest such run since the real estate market was booming.
The four long years since Lehman Brothers went kablooey have been tough on entrepreneurs in New York City and around the country. Yet the entrepreneurial sector remains one of the few true bright spots in the economy. Silicons Alley and Valley have been hotbeds of innovation and growth throughout the post-2008 era. Manufacturing is starting to return to the U.S. and, yes, to parts of the Big Apple (more on that topic next week). Small businesses in every borough are creating an impressive share of our local jobs, even as their owners stare down bureaucrats, tax collectors and tightfisted lenders, and even as their customers and communities rebuild after Sandy.
And that’s your scene-setter as we open nominations for our latest Top Entrepreneurs awards. Since 2005, we’ve honored startup stars who’ve spotted opportunity in areas others overlooked. Visionary founders like Steve Hindy of lager leader Brooklyn Brewery, Rob Kalin of artsy e-commerce pioneer Etsy, Laura Geller of QVC powerhouse Laura Geller Makeup and Anthony Casalena of blogging service Squarespace.
“It’s not just about churning out millions in revenues and steep profits, though that doesn’t hurt,” explained Crain’s Contributing Editor Elaine Pofeldt, who runs the annual Top Entrepreneurs project. “Since the contest started, we’ve looked for innovators who have made New York City a more vibrant place and have given back to the community.”
Sound familiar? Complete your nomination form at CrainsNewYork.com/2013TopEntrepreneurs by March 15. We’ll unveil this year’s winners on June 3.
Governor Cuomo met with Crain’s editorial board Wednesday. Andrew J. Hawkin’s reports on the governor’s comments on minimum wage:
In a meeting with the Crain’s editorial board Wednesday, Gov. Andrew Cuomo said his pitch for a 20% hike in the state’s minimum wage was a “starting point” for negotiations with the Legislature.
“There’s a difference between what you propose and what you wind up with,” Mr. Cuomo said during the hour-long interview. “My guess is the ultimate result is going to be different from what you see here.”
The governor’s budget proposal, released on Tuesday, calls for increasing the minimum wage to $8.75 from $7.25 an hour. The change would take effect July 1, 2013.
Business groups have balked at the higher rate, saying it would be an unfair burden on struggling small businesses. Republicans in the Legislature have been non-committal, but Mr. Cuomo’s renewed push and the issue’s overwhelming support among voters would seem to bode well for a deal this year. He improved his leverage by placing the measure in his budget proposal as opposed to trying to pass it as separate legislation, an approach that failed in 2012.
Nonetheless, the governor said his proposal was by no means set in stone.
“We put out a set of proposals, and they become starting points. And then we have discussions,” he said. “You have to start somewhere, right?”
The Business Council on Minimum Wage
“We need to improve New York’s economy and create good-paying private-sector jobs. Raising the minimum wage will not do that. It would increase the cost to affected employers – with direct costs of nearly $3000 for each full-time minimum wage employee, plus indirect costs caused by “wage compression,” as wages are adjusted for higher earning employees.
To meet these costs, employers will have to eliminate jobs or reduce workers’ hours, raise prices, defer investments, or reduce profits – none of which promotes economic growth. Cost increases will reduce the number of entry level jobs for persons with the least skill and experience, whom the proponents of a higher minimum wage purport to help.
Raising the minimum wage will impact retailers, tourism, small businesses, farms and not-for-profits, and reduce job opportunities.
Imposing new costs on employers, through wage mandates, leave mandates, health insurance coverage mandates or other means, is contrary to the New York’s goals of promoting new investment and new jobs.” Heather Briccetti, president and CEO of The Business Council of New York State, Inc.
Greg David of Crain’s New York Business breaks down the decline of unions in New York:
Like the rest of the country, the percentage of workers who belong to a union in New York state is declining. But some things never change: New York remains the most unionized state in the nation and is much more heavily organized than the adjacent states for which it competes for jobs.
Today, the U.S. Bureau of Labor Statistics reported only 11.3% of American workers were unionized in 2012, down from 11.8% the year before. The number declined in New York too, dropping from 24.1% to 23.2%.
Here is the percent of unionized workers in New York over the past six years, starting with the boom year of 2007.