# Prof. Joseph Foudy on middle class income and buying power in New York

1 Faculty News January 31, 2015 ![New York Post logo](/sites/default/files/styles/246w/public/assets/images/con_031743.jpg?itok=0h5FlsRq)>

Excerpt from [New York Post](http://nypost.com/2015/01/31/buying-power-of-struggling-middle-class-falling-behind/) -- "'The stagnation in wages is such a broader challenge for society than anything a minimum change in the minimum wage can ever address,' \[[Foudy](http://www.stern.nyu.edu/faculty/bio/joseph-foudy)\] said. 'The only gift New Yorkers have gotten in the last couple of months is lower gas prices.'"

[Read more](http://nypost.com/2015/01/31/buying-power-of-struggling-middle-class-falling-behind/)