New York Leads Nation in Pay Cuts

Buffalo has been ranked eighth nationally by "Forbes" magazine for pay cuts in the last year. In fact, the top five cities were all in New York State. Buffalo residents have taken a collective zero-point-four-percent pay cut. Rochester ranked worst, with a two-point-three-percent loss, followed by Syracuse, Albany, New York City and Poughkeepsie. Statistics were measured between fourth quarter 2008 through first quarter 2009.