A new report on the status of workers finds the period since the 2008 market crash may turn out to be a “lost decade” for New Yorkers, as wages stagnate and the average time for unemployment lengthens.
Most business economists opposed the automatic spending cuts that took effect Friday night amid the gridlock between President Obama and Congress.
But they overwhelmingly support efforts to reduce the deficit over the next 10 years.
That's according to a survey released Monday of 196 members of the National Association for Business Economics.
The survey, done from Jan. 21 to Feb. 13, gave some support to both sides in the U.S. government budget debate.