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Lawrence Mishel

Lawrence Mishel is president of the Economic Policy Institute, an independent, nonprofit, nonpartisan think tank that researches the impact of economic trends and policies on working people in the United States and around the world. EPI's mission is to inform people and empower them to seek solutions that will ensure broadly shared prosperity and opportunity.

Recent Articles

The Opportunity Dodge

It's an empty promise—because the chance to thrive will never be good amid great inequalities.

(AP Photo/Paul Sancya, File)
(AP Photo/Paul Sancya, File) Conservative politicians like Jeb Bush, shown here speaking at the Economic Club of Detroit in February, avoid addressing inequality and focus instead on what they call "the opportunity gap." This article appears in the Spring 2015 issue of The American Prospect magazine. And click here for a free PDF of this 25th Anniversary Issue of the Prospect . W e think of America as the land of opportunity, but the United States actually has low rates of upward mobility relative to other advanced nations, and there has been no improvement in decades. Creating more opportunity is therefore a worthy goal. However, when the goal of more opportunity is offered instead of addressing income inequality, it’s a dodge and an empty promise—because opportunity does not thrive amid great inequalities. It is important to distinguish between opportunity (or mobility) and income inequality. Concerns about mobility relate to strengthening the chances that children who grow up with...

Failed Theory Posed by Wall Street Dems Puts Hillary Clinton in a Bind

The Hamilton Project, led by the presumed presidential candidate's adviser Robert Rubin, serves up a prescription for the middle class that won't help much—and defies the recommendations of her friends at CAP.

(AP Photo/Lynsey Addario)
(AP Photo/Lynsey Addario) Hillary Rodham Clinton speaks with former U.S. Treasury Secretary Robert Rubin at Columbia University Wednesday, Sept. 27, 2000, in New York. T here was a time where it was plausible to argue that more education and innovation were the primary solutions to our economic problems. But that time has passed. You cannot tell that, however, to the Wall Street Democrats and their Hamilton Project at the Brookings Institution. They’re not ready to change just yet, even though most of the Democratic Party has. This shift was signaled by a recent report by the Center for American Progress (CAP) Commission on Inclusive Prosperity, which is co-chaired by Lawrence H. Summers, who served as Treasury secretary in the Clinton administration, and as chairman of the Council of Economic Advisers in President Barack Obama's first term. The report calls for full employment (a "high pressure economy," as Summers calls it), a more welcoming environment for collective bargaining,...

Here's How to Achieve Full Employment

If we don't get there, then many communities—particularly those of color—will be left out of the recovery.

(AP Photo/Mary Altaffer)
iStockPhoto The following is the testimony of Economic Policy Institute President Lawrence Mishel before the U.S. House Committee on Education and the Workforce hearing on “Expanding Opportunity in America’s Schools and Workplaces” on February 4, 2014. It originally appeared at the EPI website , where you can also find the source material . I t is encouraging that there is now widespread agreement across the political spectrum that the key economic challenge is middle-class income stagnation. To address this stagnation we must confront two underlying trends. The first is to address the ongoing but incomplete jobs recovery from the financial crisis that Wall Street inflicted on the global economy. The second trend is the stagnation of wages for the vast majority of workers since the late 1970s, an era of “wage suppression.” That wage trends lay at the heart of income stagnation is just common sense. After all, middle-class families rely almost completely on what they earn from their...

What Obama Should -- and Shouldn't -- Say in State of the Union Address

While he's taken steps to improve Americans' wages, there's still more the president can do. 

(Official White House Photo by Pete Souza)
(Official White House Photo by Pete Souza) President Barack Obama delivering his 2011 State of the Union address in the House Chamber at the U.S. Capitol in Washington, D.C. This article originally appeared at the website of the Economic Policy Institute . T onight President Obama will deliver his State of the Union address, which gives him an opportunity to lay out his priorities and set an agenda for the year ahead. At the Economic Policy Institute (EPI), we have argued that raising wages is the central economic challenge . It is terrific news that the president will address wage stagnation in his speech. After a year of strong job creation but continued stagnant wage growth, many economists and commentators—not to mention the American people—are beginning to focus on wages. Even the new GOP-controlled Congress is paying lip service to the middle class squeeze (but is offering no program to address these challenges). So we are now entering into a great debate about what can be done...

Why Your Wages Are Idling in Neutral

Low-wage Americans are not the only workers affected by stagnant wages and rising inequality.

(Photo: © WillSelarep/iStock)
This article was originally published by the Economic Policy Institute as part of its " Raising America's Pay " initative. O ver the last 35 years (with the exception of the late 1990s), hourly wages of the vast majority have lagged far behind economy-wide productivity. This failure of wages to grow and rising wage inequality is the primary explanation for the rise of family income stagnation and income inequality over the past generation. Additionally, progress in closing gender and racial wage gaps throughout this period has been either nonexistent (for racial gaps) or disappointingly slow (for gender gaps). Low-wage Americans are not the only workers affected by stagnant wages and rising inequality. The middle class has also experienced stagnating hourly wages over the last generation, and even those with college degrees have seen no pay growth over the last 10 years. Since the late 1970s, wages for the bottom 70 percent of earners have been essentially stagnant, and between 2009...

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