Recent quotes:

Morning Must-Read: Larry Mishel: Even Better Than a Tax Cut - Washington Center for Equitable Growth

Lawrence Mishel: Even Better Than a Tax Cut: “The challenge is to ensure that a typical worker’s wages… …grow along with profits and productivity. There is no silver bullet, but the key is… to reverse decades of decisions that have undercut wage growth. We need to start with monetary policy…. The most important decisions… are those of the Federal Reserve Board…. Before raising rates, it is essential we achieve a robust recovery, with roughly 3.5 to 4 percent annual [nominal] wage growth…
#Macroeconomics #Monetary-Policy #Federal-Reserve #Larry-Mishel #Wage-Growth - equitablegrowth.org

The Intellectual War Over the Rise of the Machines Continues...: Focus - Washington Center for Equitable Growth

I see that the vir illustris Lawrence Mishel, our neighbor here in the Great Center-Left Atrium Building at 1333 H St. N.W., has had his ire awakened by the femina clarissima Melissa Kearney and her forthcoming Hamilton Project event on robots tomorrow: http://www.hamiltonproject.org/papers/future_of_work_in_machine_age/… Lawrence Mishel: Failed Theory Posed by Wall Street Dems Puts Hillary Clinton in a Bind: “There 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… Hamilton Project…. The new framing paper… details how ‘advancing computer power and automation technology’ creates a challenge for: how to educate more people for the jobs of the future, how to foster creation of high-paying jobs, and how to support those who struggle economically during the transition… the same analysis we heard from the Clinton administration 20 years ago, when the discussion was of a ‘transition to the new information economy.’ Let them eat education. The education-only solution wasn’t appropriate when it was first put forward, and it is not even remotely plausible now….
#Rise-of-the-Robots #Hamilton-Project #Larry-Mishel #Melissa-Kearney - equitablegrowth.org