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January 14, 2016 | By Lawrence Mishel | BlogHaving closely followed all of President Obama’s speeches on income inequality, I’ve noticed a significant move forward, from an abstract discussion to one that focused on the key underlying issue—the need to generate robust, widespread wage growth.
Despite Freelancers Union/Upwork claim, freelancing is not becoming Americans’ main source of income
December 9, 2015 | By Lawrence Mishel | Briefing PaperA much publicized Freelancers Union/Upwork (FU/U) study in 2014 claimed that freelancers comprised 53 million workers representing about 34 percent of all workers; a second, recently released study finds 54 million freelancers.1 The FU/U estimate stands in stark contrast to what the Bureau of Labor Statistics (BLS) tells us: there were just 14.8 million self-employed workers in 2014 representing 10.1 percent of employment.2 Who is right?
Claims of an exploding gig economy are contradicted by the lack of growth of self-employed workforce
October 28, 2015 | By Lawrence Mishel | Economic SnapshotOne way to track growth in the “gig,” or Uber, economy is to identify the share of workers that are self-employed.
4.7 Million Millennials Would Directly Benefit from Raising the Overtime Salary Threshold to $50,440
August 5, 2015 | By Lawrence Mishel | Economic SnapshotIn July, the Department of Labor proposed raising the overtime salary threshold from the current $23,660 to $50,440 in 2016. If implemented, this new overtime salary threshold would directly benefit 13.5 million salaried workers, most of whom would gain new rights to overtime eligibility.
News from EPI › SEC Rule is a Solid Step in Recognizing the Contribution Skyrocketing CEO Compensation Makes to Inequality
August 5, 2015 | By Lawrence Mishel | Press ReleasesI am heartened that the SEC is finally adopting its CEO pay ratio disclosure rule. EPI has been studying CEO pay and worker pay for more than 20 years.
July 29, 2015 | By Lawrence Mishel | BlogMatt Yglesias is an insightful writer, but his recent article, “Hillary Clinton’s favorite chart is pretty misleading” is itself very misleading.
July 15, 2015 | By Lawrence Mishel | Economic SnapshotA newly released Bureau of Labor Statistics research paper by Kristen Monaco and Brooks Pierce provides important new data analysis of wage and compensation trends over the 2007–2014 period, updating earlier analyses by Pierce.
July 13, 2015 | By Lawrence Mishel | BlogHillary Clinton appropriately defines her economic policy goal as raising “incomes for hardworking Americans so they can afford a middle-class life” rather than “hitting some arbitrary growth target untethered to people’s lives and livelihoods.” The object of economic policy, in other words, is not growth or redistribution but higher living standards for the vast majority!
July 4, 2015 | By Lawrence Mishel | BlogHow to combat the wage stagnation that has afflicted the vast majority of American workers has emerged as a key economic issue addressed in speeches and policy deliberations by politicians and candidates in both parties.
June 22, 2015 | By Lawrence Mishel | BlogOur new study shows the average compensation of CEOs in the largest firms was $16.3 million in 2014, up 3.9 percent since 2013 and 54.3 percent since the recovery began in 2009.
June 12, 2015 | By Lawrence Mishel | Press ReleasesI have been engaged in policy deliberations around trade adjustment for thirty-seven years. What was being considered in Congress today was a shell of the initial program and funded by cutting Medicare to boot.
June 2, 2015 | By Lawrence Mishel | BlogA new paper, Firming up Inequality, has been receiving substantial attention in the media for its claim that wage inequality is not occurring within firms but only occurs between firms.
May 26, 2015 | By Lawrence Mishel | AudioEPI president Larry Mishel told NPR’s Scott Horsley of Morning Edition that “We have created lots of income, lots of output, lots of wealth over the last three decades, but the problem is it has not accrued to the vast majority.” Watch the video
May 13, 2015 | By Lawrence Mishel | Economic SnapshotRobots are everywhere in the news but they do not seem to leave a footprint in the data. The focus on robots eroding jobs and creating a jobless and unequal future is a story about capital replacing human labor.
April 10, 2015 | By Lawrence Mishel | BlogThis piece originally ran in The American Prospect. We 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.
March 12, 2015 | By Lawrence Mishel | BlogHidden amid all the discussion of when falling unemployment will lead to rising wages are the expectations shared in the media and among economic analysts that we can only expect wages to rise when unemployment is low.