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October 2011

Pay premiums among major industry groups in New York City

Lisa Boily

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.

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