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Larry Mishel Profile picture
Larry Mishel
@LarryMishel
Distinguished Fellow & former pres, EPI. Dad(4), husband, grandpa(3), Bella (pure mutt). Economist. Progressive. Eagles/Phillies fan. Passionate and happy.
Aug 26, 2022 • 10 tweets • 3 min read
1) The debates about student relief echo an ongoing debate about how targeted government programs should be. I agree with @arindube 2) Centrist/liberal economists argue that government should only focus on those at the bottom, perhaps as much as bottom 30%. They have not focused much on helping the broad middle class and, in fact, have silently been hostile to their needs
Jul 6, 2021 • 8 tweets • 2 min read
(1/n) I think there’s some confusion on this whole question of economists being left. I approach this as someone who was trained in two grad schools, one featuring Marxists (American U) and the other dominated by socially liberal, neoclassical economists (U of WI). This gave me a (2/n) unique perspective. FWIW, I found both educations lacking. Mark Twain said, ‘don’t let your schooling get in the way of your education’, & I didn’t. I don’t accept that voting Democratic is ‘left’. Many economists do so, in my view, based on social issues not economics.
May 14, 2021 • 23 tweets • 6 min read
Thread on paper explaining Wage Suppression (with @joshbivens_DC at @EconomicPolicy) that was profiled in NYTimes article by @noamscheiber:
nyti.ms/3fjHfnZ Here's the paper:
epi.org/unequalpower/p…
Dec 10, 2020 • 14 tweets • 5 min read
Thread (1/14) on new paper explaining pvt sector union decline w/ @LaneWindham and Lynn Rhinehart. Retweet don't just like! @EconomicPolicy @GeorgetownKILWP
epi.org/unequalpower/p… (2/14)Bottom line, weaknesses in labor law (such as basically no penalties), exploited by employers (legally and illegally) that crushed ability to obtain a union, starting over 1970s,in 1980s & to this day! It wasn't lack of worker interest or simply automation/globalization
Dec 2, 2020 • 8 tweets • 3 min read
Thread (1/8): New analysis (@EconomicPolicy) with @joriskywalker of top 1% wage growth:
epi.org/blog/wages-for… (2/8) Bottom line: In every period since 1979, wages for the bottom 90% were continuously redistributed upwards to the top 10% and frequently to the very highest 1.0% and 0.1%.
Nov 29, 2020 • 4 tweets • 3 min read
1) You are so right @econjared. Of course, the State of Working America biannual series, back to 1988, you co-authored (starting 1992) with me, @jschmittwdc, @HBoushey, @hshierholz, @eliselgould, @joshbivens_DC profiled the centrality of generating robust wage growth. 2) In 2014: The Raising America’s Pay project exposes the root of rising income inequality, slow living-standards growth, and other key economic challenges: the near stagnation of hourly wage growth for the vast majority.
epi.org/publication/ra…
Aug 16, 2018 • 4 tweets • 2 min read
1) Released new report on CEO compensation. up 17.6% in 2017 to roughly $19.0 million. CEO-to-worker compensation ration now at 312-to-1. See graph

epi.org/publication/ce… 2) CEO compensation up 1070% since 1978. Yes, read that again. Far greater growth than stock market (up about 637% (S&P) or the 308% growth of earnings of top 0.1% (top 1 thousandth). This is not result of a simple 'market for talent'