Dr. Herman A Berliner, formerly Hofstra University ‘s Provost for 25 years, has been serving as the Zarb School’s Dean for the past six months. He recently was interviewed for an article in Newsday about the Long Island labor market heading into 2016. Here are his observations:
Although the unemployment rate on Long Island is quite low: “You’re not ahead if you lose some highly paid jobs and you gain more jobs that are not well compensated,” said Herman Berliner, Dean and Distinguished Professor of Economics at Hofstra University’s Zarb School of Business. “Your numbers in terms of unemployment would look impressive, but the reality is that the area is not better off.”
In fact, the three occupations projected by the state Labor Department to have the biggest percentage increases on Long Island between 2012 and 2022 are among the lowest paying. They are health-care support, personal care and service, and food preparation and serving-related employment. Finally, external blows like fallout from more terrorist attacks in the country could also increase economic wariness and hurt hiring, Berliner said. “I am worried about external shocks and what kind of impact that will have on the economy,” he said.