Word: mishel
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Dates: during 1990-1999
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...unemployment may be declining to a point that once would have led to labor shortages and wage hikes, years of layoffs have created a work force that is happy just to have a job. "The wage-setting mechanisms in this country have broken down for most people," says Larry Mishel, research director of the Washington-based Economic Policy Institute. "When people are still worried about holding on to their jobs or having to move to lower-paying ones, they are not thinking of walking into the boss and demanding a raise...
...plans of 785 companies stands at a dismal 9.6 on a scale of 100. A growing economy would normally produce an index at least in the 30s. "This recovery will be limited to fewer jobs and lower incomes than at any other time in the postwar period," says Lawrence Mishel, research director of the Economic Policy Institute in Washington. "Many Americans may not feel they are in a recovery...
...instead of comparing dollars spent, it says, E.P.I. uses a methodology that is "seriously flawed." But the study does, in fact, compare per pupil expenditures as well. Result: the U.S. comes in ninth out of 16. "No matter how you do it, we're a low spender," says Lawrence Mishel, co-author of the report. "We're definitely not as Bush claims. We don't spend lavishly on our kids...