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Working for people who work for a living


The Economic Policy Institute was founded in 1986 to improve the lives of Americas low- and moderate-income families by producing reliable economic research, insightful analysis, and visionary policy solutions. As the first and premier think tank focusing on the economic well-being of Americas workers, EPI believes that every American deserves a good job with a living wage, affordable health care, and a secure retirement. EPI is an indispensable part of the progressive movement, reaching national and state policymakers, opinion leaders, and activists. By making sure that workers needs are part of public debates on economic policy, EPI is changing the lives of Americas workers and their families for the better.

1 Statement by Gerald McEntee, Board Chair, 19862011 2 The First 25 Years 4 Statement by EPI President Lawrence Mishel AREAS OF RESEARCH 6 Jobs, Wages, and Living Standards 8 Federal Budget, Deficits, and Taxes 10 Labor Policy 12 Trade, Globalization, and Manufacturing 14 Immigration 16 Education 18 Regulation 20 Race, Ethnicity, and the Economy 22 Retirement OUTREACH 24 Economic Analysis and Research Network (EARN) 26 Communications 28 Financial Statements 30 Funders and Donors 32 EPI Board Members 33 EPI Staff

I want to say thank you to EPI for 25 years of being the authoritative voice on economic issues and really the voice of working American families.


From Gerald McEntee

Board Chair 19862011

As chair of EPIs Board of Directors for a quarter century, I could not be more pleased with what EPI accomplished in its first 25 years.
When we launched EPI in 1986, we hoped to add a voice to the debate about economic policy that would challenge trickle-down and supplyside economics, and deregulation ideas that were taking hold in Washington and hurting low- and middle-income Americans. In the mid-1980s, well-funded conservative think tanks were dominating media coverage and the national economic conversation. These organizations favored trade deals that put downward pressure on wages, deregulation that jeopardized established companies providing good wages and benefits, and privatization that allowed corporations to replace public employees with lower-paid workers who had fewer rights and less political power. A counterweightan institute that could do academic-quality research and go toe-to-toe with the right wings best economistswas desperately needed.

EPI has been that counterweight, and it has been more influential than we ever imagined. It has grown into a vital organization that reaches policymakers and academics, reporters and editors, bloggers and activistsnot just every day but multiple times a day, and on a nationwide basis. EPI achieves this success through research, analysis, and commentary on a range of critical topics, from jobs and labor relations to tax and budget issues, from immigration and education to trade. Through extensive partnerships with national and state-level organizations and a broad network of scholars and researchers, EPI ensures its work has the widest possible reach and scope. No other think tank has spoken more eloquently and consistently about the concerns of working families (or, in the current economy, those who aspire to work) or proposed better policies to deliver the security and economic dignity they deserve. I am extremely honored and proud to be associated with the people and the ideas that have helped EPI become the significant force for good that it is today.

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The First 25 Years 19862011

2002 Lawrence Mishel succeeds the retiring Jeff Faux as EPIs president. 2004 EPI research exposes the Bush administrations destructive changes in overtime regulations. As a result, the rules are significantly improved. 2004 EPI begins publishing a yearly report that sheds light on trends in employer-sponsored health insurance, underscoring the decline in employer-provided health insurance coverage.

1986 The Economic Policy Institute is founded by Barry Bluestone, Robert Kuttner, Ray Marshall, Robert Reich, Lester Thurow, and Jeff Faux, EPIs first president.

2001 EPI begins to monitor, analyze, and propose changes to the unemployment insurance system. EPIs research helps persuade Congress to enact Emergency Unemployment Compensation in 2002 and 2003.












1988 EPI first publishes The State of Working America, the only comprehensive source of data on the nations wealth, poverty, income, wages, inequality, and employment trends.

1999 EPI begins work on its Basic Family Budget Calculator, which determines the minimum level of expenditures needed to adequately meet a familys needs. (The calculator, launched in 2001, is one of the most popular features on

1993 EPI research correctly predicts that NAFTA will lead to substantial manufacturing job losses in the United States and erosion of wages and workers rights on both sides of the U.S.-Mexico border.

1996 EPI plays a key role in the successful effort to increase the federal minimum wage.

1999 EPI helps found the Economic Analysis and Research Network (EARN), a group of state research and policy organizations that work to advance progressive economic policy at the state and regional level.

2005 EPI works with allies in the labor and progressive movements to highlight the dangers of Social Security privatization. In 2009, EPI joins with the Pension Rights Center, the National Committee to Preserve Social Security and Medicare, SEIU, and the AFL-CIO to found Retirement USA, a coalition that highlights the need for a universal, secure, and adequate retirement system.

19992000 EPI research correctly predicts that Chinas accession to the World Trade Organization would lead to spiraling trade deficits, the loss of manufacturing jobs, and wage declines.

2006 EPI starts an ongoing project to address comprehensive immigration and guest worker visa program reform. (The work leads to publication of the books Immigration for Shared Prosperity in 2009 and Value-Added Immigration in fall 2011.)

2007 EPI starts the Agenda for Shared Prosperity to propose affirmative economic policies to address the root causes of the nations economic problems. Key papers in this series proposed the public option as a way to ensure universal health coverage and long-term savings; a universal, secure, and adequate national pension plan; and a comprehensive solution to employment-based immigration challenges.

2010 EPI releases Investing in Americas Economy, a plan that prioritizes recovery while also stabilizing the nations debt. In 2011, the EPI Policy Center advises the Congressional Progressive Caucus during the development of its budget alternative, which contains many of the same elements as the EPI plan. 2011 EPI releases a series of reports disproving claims that state and local public-sector workers are overpaid and rebutting the claim that right-to-work laws create jobs.

2008 EPI launches the Program on Race, Ethnicity, and the Economy to highlight the status of minority communities and the effects of policies on their living standards. 2008 EPI launches the Broader, Bolder Approach to Education campaign with a statement signed by 60 leaders with diverse religious and political affiliations and a range of policy expertise.

2007 EPI provides research on the role of unions in the economy and on union organizing as the nation debates the Employee Free Choice Act. More than 200 economists sign EPIs letter in support of EFCA.

2011 EPI releases the first online edition of The State of Working America, which has become an indispensable tool for academics, policymakers, activists, and the media.

2007 Congress enacts another increase to the federal minimum wage after 34 states increased their minimum wages between 2001 and 2007. EPI worked in tandem with EARN on the seven-year campaign.


2009 EPI releases the American Jobs Plan, a public investment plan that would put 4.6 million people back to work in one year. (In 2011, President Obamas American Jobs Act adopts many of the proposals from EPIs plan.) EPI also commissions the Hart Research Poll Tracking the Recovery, which changes the tone of the political debate by revealing that Americans care much more about creating jobs than cutting the deficit.


2011 Nearly 450 guests attend EPIs 25th anniversary dinner Nov. 1 in Washington, D.C. The event honors New York Times columnist Paul Krugman, former U.S. Labor Secretary and EPI co-founder Ray Marshall, and leaders of Wisconsins labor movement.

2007 Speaker of the House Nancy Pelosi convenes representatives and national economic and financial experts, including EPI President Lawrence Mishel, to assess the state of the economy and the labor market. Mishel sounds the alarm on the need for generating jobs through a substantial stimulus package.

Attendees at EPIs 25th anniversary dinner included, clockwise from upper left: Julianne Malveaux, secretary treasurer of EPIs Board of Directors and president of Bennett College, and Mahlon Mitchell, president of the Professional Fire Fighters of Wisconsin; Jeff Faux, EPI founding president and distinguished fellow; Paul Krugman, New York Times columnist; Rep. Keith Ellison (Minn.); Ray Marshall, former U.S. Secretary of Labor and EPI co-founder, and (left) Ross Eisenbrey, EPI vice president; and Alexis Herman, former U.S. Secretary of Labor


From EPI President Lawrence Mishel

What kind of country do we want to live in? This is the

fundamental question we should constantly ask ourselves, especially now. As the public debates how to address the countrys economic challenges, our priorities should be obvious: We need to create jobs and reduce unemployment. We need to increase living standards for low- and moderate-income families and halt the growth of economic inequality. It is a shame that too few policymakers recognize these national priorities, focusing instead on cutting deficits and preserving low tax rates for the very rich. At EPI, we unapologetically advance real solutions to the countrys challengessolutions at the scale of the problem. We know that if our leaders make the right decisions, we can put back to work the millions of people who lost their jobs during the Great Recession. If we prioritize infrastructure investments, safety net spending, and aid to state and local governments, the unemployment rate will quickly fall. And, as these jobs are created, we must make sure they pay decent wages and allow workers to organize unions without the threat of being fired.

We know that proper public investment, sustained low unemployment, and a healthy, expanding middle class can fuel economic growth. We also know that a vibrant and healthy economy is not achievable if the distribution of income and wealth remains as imbalanced as it is today. We cannot fix this problem in the short term, but we can and must begin to work toward shared prosperity through reforms to the tax code, corporate governance, education policy, labor policy, and much more. EPI is making a difference in the public debate. Our footprints were evident in President Obamas American Jobs Act and in the budget alternatives proposed by the Congressional Progressive Caucus. We take pride in providing credible, reliable data and policy prescriptions that are clear alternatives to the many harmful policies being put forth. The stakes are too high to let wrongheaded policy recommendations succeed. EPIs task going forward is to keep the concerns of working families visible and to remain a source for better policy ideas that help us achieve shared prosperity. We will continue to join with our partners and engage our networks to make the case for what is right.

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Areas of Research


Jobs, Wages, and Living Standards

JUNE 30 Sen. Chuck Schumer (N.Y.) addresses jobs and the economy in a speech at EPIs offices in Washington, D.C. Wall Street Journal, and Washington Post. In 2011, the Occupy Wall Street movement brought rising economic inequality to the forefrontand focused attention on the needs of the 99 percent. EPI defended the arguments of Occupy Wall Street against unfair criticism from the media and policymakers. The unemployment and mass underemployment on wage growth and family incomes. Throughout the year, EPIs regular drumbeat of publications, media appearances, and blog posts demonstrated that the real problem in todays labor market is a broad lack of demand for workersnot, as often claimed, business uncertainty over regulations and a lack of workers with the right skills. The EPI report Sustained, High Joblessness Causes Lasting Damage to Wages, Benefits, Income, and Wealth was particularly successful in examining these troubling trends. Released Labor Day weekend, it received significant coverage in national media outlets, including the New York Times, defense included the launch of EPIs Quick Facts, handouts with easy-tounderstand statistics and information about the economy. Among other things, EPIs work in 2011 also refuted false claims that public-sector employees are overcompensated; exposed how right-to-work policies hurt wages and workers right to organize while not improving job prospects; argued successfully for the extension of unemployment insurance benefits for the millions of long-term unemployed; stressed the need for a national paid sick days policy that would promote workers financial stability; and shed light on the number of children who have a parent who is unemployed or underemployed. g

EPI strives for an economy in which every worker has a good job. Good jobs offer a living wage,
affordable health care, and a secure retirement. EPIs Jobs, Wages, and Living Standards program uses this yardstick of broadly shared prosperity to measure economic performance and policies at all levels of government. Several times a month, EPI analyzes new government data to better understand the changing state of the national labor market. The data cover national and state employment and unemployment, as well as the national job-seekers ratio. National and regional media rely on these analyses to report the health of the economy. In addition, EPI periodically publishes reports on national income and poverty, health insurance coverage, and the job market prospects of young graduates. In 2011, the Jobs, Wages, and Living Standards program focused on the negative impacts of persistent high

Sustained, High Joblessness Causes Lasting Damage to Wages, Benefits, Income, and Wealth, by Lawrence Mishel and Heidi Shierholz

No one does a better job of compiling and presenting inequality data than EPI.


EPIs flagship publication, The State of Working America, provides a deep understanding of how low- and middleincome workers and families are faring by examining trends in economic mobility, health, income, jobs, poverty, wages, and wealth. Since 1988, EPI has published The State of Working America in book form. In February 2011, EPI launched, which makes EPIs essential data and analyses accessible online to academics, journalists, policymakers, and interested citizens. Several times per month, EPI updates vital national and state-level economic indicators on the site.


Skewed economic rewards: From 1979 to 2007, the incomes of the top-earning 0.1 percent of U.S. households grew by 390 percent, compared with 224 percent for the top 1 percent of households and 5 percent for the bottom 90 percent. Reprinted from Occupy Wall Streeters Are Right about Skewed Economic Rewards in the United States, by Lawrence Mishel and Josh Bivens, Oct. 26, 2011

Incomes rise fastest at the top Percentage growth in household income by rank on income scale, 19792007
Percentage growth


Top 0.1%


Released in early 2011, Failure by Design by Josh Bivens builds on a wealth of State of Working America data to deliver a compelling narrative of the U.S. economys struggle to emerge from the Great Recession. The book also provides striking evidence of how the economy has failed to deliver for low- and middle-income workers over much of the past three decades.




Top 1%

Bottom 90%

0% 1980 1985 1990 1995 2000 2005



Federal Budget, Deficits, and Taxes

The federal budget represents the nations priorities. The work of EPI
and the EPI Policy Center on federal budget, fiscal, and tax policywhich consists of analyses of congressional and administration proposals, development of budgetary and fiscal policy proposals, and support to congressional staffhas focused on the need for economic growth, jobs, economic security, and greater equity. Major areas of research and analysis in 2011 included analyzing how conservative budgetary plans would jeopardize the economic recovery, promoting policies to generate stronger job growth, supporting the Congressional Progressive Caucus (CPC) in developing a budget and a jobs plan, arguing for progressive tax reform and public investments, and protecting the core programs that provide economic security to Americans Social Security, Medicare, Medicaid, and the Affordable Care Act. The challenges began in January 2011, when the new House GOP majority signaled its intent to enact budget policies that would destroy jobs and exacerbate economic insecurity and inequality. Much of 2011 was spent highlighting the dangers of these measures. EPI reports explained how House Budget Committee Chairman Paul Ryans Roadmap for Americas Future would dismantle economic security programs, defund investments, and shift the burden of taxation. When conservatives launched an intense campaign to pass a balanced budget amendment (BBA) and spending caps, EPI explained the negative consequences of BBAs and global spending caps, and analyzed the detrimental implications of a balanced budget for Social Security. Meanwhile, EPI continued to argue for expansionary fiscal policy, describing how pivoting from fiscal expan-

The Restore the American Dream for the 99% Act: An Analysis of Job Creation Provisions, by Andrew Fieldhouse and Rebecca Thiess

Historical and projected non-security discretionary spending as a share of GDP, 19622021



Public investment versus vital services: Budget proposals from Rep. Paul Ryan (Wis.), President Obama, and the Bowles-Simpson Fiscal Commission would all have cut the non-security discretionary budget as a share of GDP far below historical levels. Reprinted from Major Budget Proposals Pit Public Investment against Vital Services, by Ethan Pollack, July 13, 2011





Historical CBO baseline Obama budget Bowles-Simpson Fiscal Commission Ryan budget 19622008 average

2.3% 2.2% 2.0% 1.5%


1962 1966 1970 1974 1978 1982 1986 1990 1994 1998 2002 2006 2010 2014 2018

When our office needs some help in documentation on issues like why infrastructure would be good for the economy EPI is the first place we turn to.

the economic recovery. An EPI report published before the Obama administration released its American Jobs Act outlined 11 job creation policies. A major impediment to expansionary fiscal policy in 2011 was the enactment of the Budget Control Act. EPI influenced the national debate by explaining how the legislation would adversely affect employment. Also in 2011, the CPC sought EPIs assistance in developing its Peoples Budget. EPI staff, funded by the EPI Policy Center, worked with Caucus staff to select policy provisions and then modeled their effects. The Peoples Budget would have financed significant nearterm fiscal stimulus and increased public investments while improving the longer-term budget outlook without cutting back on essential social insurance programs such as Medicare, Medicaid, and Social Security. The CPC subsequently developed a jobcreation and deficit-reduction package, the Restore the American Dream for the 99% Act (H.R. 3638), for which EPI staff, funded by the EPI Policy Center, analyzed the macroeconomic and jobs impacts. Related to its budget work, EPI demonstrated why progressive tax reform is an effective tool for funding government, financing needed job creation measures and investments, and addressing income inequality. On the 10th anniversary of the Bush tax cuts, EPI explained 10 ways in which the cuts remain costly, ineffective, and unfair. Later in the year, EPI detailed the case for raising effective tax rates on upper-income households, and explained why Obamas super committee recommendations did not go far enough in restoring revenue adequacy. In 2011, EPI broke new ground analyzing public investments in the budget. EPI constructed an account-level database of public investments, allowing for estimates of how caps on discretionary spending over the next decade would deplete public investments such as education, infrastructure, and research and development. EPI also produced reports on green investments in collaboration with such groups as the BlueGreen Alliance, Green for All, the Pacific Institute, and American Rivers. g FEB. 16 EPI macroeconomist Josh Bivens testifies before the U.S. House Committee on Oversight and Government Reforms Subcommittee on Regulatory Affairs about the effectiveness of the American Recovery and Reinvestment Act.

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sion to austerity would undermine


Labor Policy
Labor unions improve the compensation and work lives of both unionized and nonunionized workers. The protections, rights, and
wages that unions secure impact all workers. In 2011, newly elected officials backed by special interests worked to cut wages, benefits, and bargaining rights of working people, especially those of public-sector workers. EPI data proved crucial in countering attempts to destroy unions in states such as Ohio and Wisconsin. For example, several state-specific EPI reports disproved the myth that public workers are overcompensated. EPI also combated misinformation spread by interests advocating right-to-work laws, which undermine unions by making it harder for them to sustain themselves. EPI analyses exposed the truth about the impact of right-to-work laws on wages, bargaining power, and job creation. For instance, an EPI report revealed that when Oklahoma became a rightto-work state in 2001, it failed to experience the boost in employment that advocates claimed it would. EPI articulated the need for a federal minimum wage set at 50 percent of the average wage and for an increase to the wage of workers who rely on tips, which has been frozen at $2.13 an hour for 20 years. EPI also rebutted attacks on the Davis-Bacon Act, which for 80 years has required contractors on federal construction projects to pay the prevailing wage for each craft. EPI also played a key role in policy debates about paid sick days by provid-

Are Wisconsin Public Employees Overcompensated? by Jeffrey H. Keefe

The EPI study [Are Wisconsin Public Employees Overcompensated?] is aimed at a very specific and very influential claim: that Wisconsins state and local employees are clearly overpaid. It blows that claim up.
Photo by Flickr user Fibonacci Blue


ing research to reporters and activists in states where the battles over sick days are being waged. According to the evidence, paid sick days are vital to millions of low-income workers and their families but are disproportionately provided to higher-income workers. EPI analyses debunking assertions that paid sick days destroy jobs educated policymakers in Connecticut and Seattle, jurisdictions that passed sickleave laws. Throughout the year, EPI educated national policymakers about the importance of continuing the program

of emergency, extended unemployment insurance benefits. EPI economists, with the help of outside experts, showed that, contrary to some claims, unemployment insurance benefits do not fuel unemployment and are still needed despite signs of economic improvement. Finally, in public testimony, commentaries, media appearances, and blog posts, EPI defended the National Labor Relations Board against attacks on its regulations and enforcement policies. g

MAY 18 EPI hosts Ross Perlin, author of Intern Nation, and U.S. Department of Labor, Wage and Hour Division Assistant Administrator for Policy Michael Hancock to discuss the damaging effects of unpaid internships on the labor market.

Total compensation is lower for public-sector workers in Wisconsin



Compensation penalty for public servants: The total compensation of collegeeducated public workers in Wisconsin is significantly less than that of their privatesector peers. Adapted from Are Wisconsin Public Employees Overcompensated? by Jeffrey H. Keefe, Feb. 10, 2011

Private-sector compensation


Public-sector compensation




$100,296 $91,623 $74,056 $61,668


$47,469 $46,213


High school

Bachelors degree

Masters degree


Professional degree (e.g., J.D., M.D.)


Trade, Globalization, and Manufacturing

EPI ensures workers are considered in critical public policy debates on trade by examining how trade and globalization affect Americas workers. Presently,
the United States non-oil trade deficit alone costs more than five million U.S. jobs. Current trade and globalization policies have also negatively affected the wages and incomes of the vast majority of workers and depleted American manufacturing. Throughout 2011, EPIs research warned of these detrimental consequences of the United States unbalanced trade policies. In 2011, EPIs research showed that the U.S.-China trade deficit eliminated or displaced nearly 2.8 million American jobs from 2001 to 2010and of these, 1.9 million were in manufacturing. These jobs represent nearly half of all U.S. manufacturing jobs lost between 2001 and 2010. Further demonstrating the unbalanced nature of U.S.-China trade, EPI released a study showing that full revaluation of the Chinese yuan would increase U.S. GDP and employment, reduce the federal budget deficit, and help workers in China and other Asian countries. Senators from both parties widely cited two EPI reports, The Benefits of Revaluation and Growing U.S. Trade Deficit with China Cost 2.8 Million Jobs Between 2001 and 2010, during floor debates over legislation (subsequently passed in the Senate) that would impose tariffs on Chinese goods if China were found by the Treasury Department to be improperly valuing its currency. When Washington was debating the ratification of a host of new trade agreements, EPIs analysis of the U.S. job losses stemming from NAFTA served as a cautionary tale against adopting trade agreements without safeguards protecting American workers. During floor debates on free-trade agreements with South Korea, Colombia, and Panama, members of Congress cited EPI reports on jobs displaced by U.S. trade with Mexico after the passage of NAFTA, and used EPI research to estimate the number of jobs that would be displaced by the proposed free-trade agreements with South Korea and Colombia. While Congress eventually approved the agreements, EPI provided the only reliable, alternative estimates of the likely costs involved. g

The passage of the China currency bill was the biggest bipartisan jobs bill that weve passed in a long, long time. EPI played a role in that because of their jobs numbers. I use them almost incessantly, and Republicans use them.
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Mexico trade deficit costs jobs nationwide: The United States had a small, job-supporting trade surplus with Mexico in 1993 (before NAFTA). By 2010, the United States had a trade deficit with Mexico that displaced 682,900 jobs, with jobs lost or displaced in every state. Reprinted from Heading South: U.S.-Mexico Trade and Job Displacement after NAFTA, by Robert E. Scott, May 3, 2011

Jobs lost or displaced due to trade deficits with Mexico, 2010 (as share of total state employment)

0.2% 0.3% 0.4%

0.5% 0.6% 0.8%1.0%

Photo by Flickr user cliff1066

Growing U.S. Trade Deficit with China Cost 2.8 Million Jobs Between 2001 and 2010, by Robert Scott

MARCH 30 EPI Director of Trade and Manufacturing Policy Research Robert Scott testifies before the U.S.-China Economic and Security Review Commission about the growing U.S. trade deficit with China and the American jobs displaced as a result.


EPI believes that worker- and immigrant-friendly policy solutions are good for America. EPIs work
on immigration focuses on educating labor and immigrant-rights organizations and policymakers about the need for a labor-market-based approach to immigration policy that supports shared prosperity. In 2011, EPI focused on: challenging businesses increasing use of temporary migrant labor and indentured guest workers, which displaces U.S. workers and puts downward pressure on wages and working conditions revealing the downsides of inhumane anti-immigrant measures that target undocumented migrant workers in the United States continuing EPIs longer-term efforts to promote a comprehensive solution for immigrationone that links verifiable needs of the U.S. labor market with appropriate levels of temporary and permanent migration Also in 2011, EPI examined how the recession affected both foreign-born and native-born workers in the construction industry. While both groups experienced significant job losses when the housing bubble burst, EPI found that foreign-born noncitizen workers suffered higher unemployment. Meanwhile, EPIs work on immigration in the high-tech sector and on temporary visa programs for high-skilled workers, including the H-1B and L visas, was presented at congressional hearings and quoted heavily in the media, including on national television news programs. EPI submitted public comments in support of the Department of Labors very significant reforms in the H-2B visa program for less-skilled guest workers and participated in congressional briefings to explain the new rules. Another important focus of EPIs immigration work is the J-1 visa program, which began as a cultural exchange program but has morphed into a large, permanent employment pipeline that employers use to exploit cheap labor and avoid federal and state taxes. J-1 guest workers are sometimes subjected to abuse, live in crowded and filthy conditions, lack funds to pay for groceries and other essentials, and may find themselves without jobs. Meanwhile, U.S. workersespecially young minority workers who desperately need jobsare denied entry-level work. In an ongoing effort to expose J-1 abuses and prompt comprehensive reform, EPI in July published Guestworker Diplomacy: J-1 Visas Receive Minimal Oversight Despite Significant Implications for U.S. Labor Market. EPI has since been invited to testify before Congress, and has had multiple direct conversations with State Department leaders overseeing the program and with the departments Office of Inspector General. Due in part to EPIs efforts, the State Department is conducting a comprehensive review and is issuing major changes to the program. The State Department also took a major step forward by banning one of the programs largest labor recruiters from further

J Visas: Minimal Oversight Despite Significant Implications for the U.S. Labor Market, by Daniel Costa


OCT 31 EPI co-founder, board member, and former U.S. Secretary of Labor Ray Marshall releases his book, Value-added immigration: Lessons for the United States from Canada, Australia, and the United Kingdom, and conducts a panel discussion. In 2011 EPI published Value-Added Immigration by Ray Marshall. The book compares the employmentbased immigration policies of Australia, Canada, and the United Kingdom with those of the United States. Value-Added Immigration recommends the United States follow these countries lead by tying its migration policy to economic and social objectives. It also advocates policymaking based on a rational examination of our national interest as it relates to immigration, rather than policymaking governed by ideology and interest groups.

Protesters calling attention to misuse of J-1 visas participation after multiple investigations found the recruiter violated program regulations and wage, hour, and workplace safety laws. Just a few weeks before the announcement, EPI sent an open letter to Secretary of State Hillary Clinton calling on her to ban the recruiter from the program. Going forward, EPI will also focus on examining wages and conditions of both native-born and foreign-born domestic workers in the heavily immigrant, predominantly female, and rapidly growing low-wage sectoras well as working in partnership with EPIs Economic Analysis and Research Network (EARN) to educate citizens about the positive impacts of immigration on state and local economies. g

OCT. 31 EPI co-founder, board member, and former U.S. Secretary of Labor Ray Marshall releases his book, Value-Added Immigration: Lessons for the United States from Canada, Australia, and the United Kingdom.


EPI documents how social and economic inequality affect student achievement. EPI also suggests
policies, within school and outside of school, to narrow outcome gaps between middle-class and disadvantaged studentsand helps to counter popular but erroneous assertions about public schools, student achievement, and teachers. suggested that teacher salaries and benefits were excessive and should be cut to meet budget shortfalls. EPIs past research, on the other hand, has shown a substantial pay penalty for teachers. An update of a 2008 report on teacher pay confirmed these earlier findings, concluding that public school teachers earned about 12 percent less than comparably educated workers in other occupations. EPI also exposed serious flaws in a report claiming that teachers are grossly overpaid. Ongoing fiscal troubles are also behind our crumbling education infrastructure: Most of the nations 100,000 The fiscal challenges confronting many states in 2011 fueled vigorous debates over the compensation of public employees, particularly teachers. Critics public schools need maintenance, repairs, or upgrades that in some cases have been delayed for several years. This backlog wastes energy and leads to high utility costs; exposes students and teachers to potential harm from mold, asbestos, and fire dangers; and raises the risks that books and equipment are damaged by leaky roofs and fires. In partnership with the 21st Century School Fund and the Center on Budget and Policy Priorities, EPI developed Fix Americas Schools Today, or FAST!, a proposed $50 billion grant program that would renovate schools while creating jobs. The proposal gained traction with an op-ed in the Washington Post urging President Obama to put FAST! atop his jobs agenda, a recommendation he adopted. Sen. Sherrod Brown (Ohio) and Rep. Rosa DeLauro (Conn.) introduced FAST! as a bill in Congress. Finally, throughout the year, EPI blog posts, editorials, and presentations ana-

The Teaching Penalty: An Update Through 2010, by Lawrence Mishel, Sylvia Allegretto, and Sean Corcoran


The downturns impact on education: The United States was short roughly 326,000 public education jobs in 2011 due to the Great Recession and its aftermath. Reprinted from The Teacher Gap, by Heidi Shierholz, Oct. 7, 2011 (blog post)

Decline in local public education jobs

Number of jobs (thousands) 48,000 local public education jobs we should have added 326,000 local public education job shortfall


278,000 local public education jobs lost



7,800 2005 2006 2007 2008 2009 2010 2011


lyzed issues such as the achievement gap, national education policy, public school spending, the uses of standardized testing, and the impacts of poverty and poor health on low-income students achievement. g

Broader, BOLDER Approach to Education

EPI launched the Broader, Bolder Approach to Education (BBA) in 2008 to draw attention to the weaknesses of one-dimensional policies that rely on standardized tests as the main way to improve educational attainment. Pointing to decades of rigorous research affirming the poverty-related impediments to learning, the BBA taskforce and highElaine Weiss, BBA profile signatories seek to combine National Coordinator improvements to instruction, school leadership, and other in-school factors with quality early-childhood care and education, health care (prenatal, parental, and child), and enriching after-school and summer programs. In 2011, BBA hired a national coordinator to translate its mission into a policy campaign. That work includes enhancing its website to spotlight a variety of new research and advocacy materials from BBA as well as allied organizations. The BBA Web library offers examples of communities across the country that have employed comprehensive strategies to improve students educational attainment and broader well-being.

EPI is probably the best source of information and evidence for strategies that we need to actually heal our schools and heal our society.

Events hosted by BBA highlighted problems with federal turnaround strategies and explored more-effective approaches to improve struggling schools. They also examined policy changes that would provide more-equitable educational opportunities for all of New York Citys students. In addition, BBA established a weekly guest blog on the Huffington Post education page.


EPI believes sound regulations are important to our nations health and safety. They can also be essential
to building a stable economy that treats workers fairly. Throughout 2011, EPIs research played a vital role in informing high-profile discussions of the role of regulations and their effects on the economy. Much of the debate about the economic effects of regulations reflects a narrow, anti-regulatory perspective at the expense of the broad goals of advancing the nations health and safety and enhancing there would likely be a small number of unfortunate job losses in some specific industries, overall the regulation would produce a modest net gain in jobs. The report received wide attention and was featured in a New York Times editorial. As a result, EPI testified before Congress as the one minority witness for a hearing on the jobs effects of the regulation held by the House Committee on Oversight and Government Reform, held a briefing for top EPA officials on the studys results and its approach, and participated in House and Senate briefings on clean air. In addition, EPI produced studies countering the false argument that regulatory uncertainty hurts the economy and economic stability. There was a gaping need for balanced analysis in this issue area, and EPI filled the void. A key aspect of EPIs work on regulations in 2011 was puncturing the argument that regulations kill jobs. EPI began the year with a foundational analysis that explored the true nature of the relationship among jobs, regulations, and the economy. The data in the report demonstrated that only a minute share of mass layoffs is attributable to regulation. EPI also conducted a comprehensive analysis of the employment effects of the air toxics rule, finding that while prevents job growth, one of the main talking points of opponents of regulations. In Regulatory Uncertainty: A Phony Explanation for Our Jobs Problem, EPI convincingly demonstrated that a lack of demand, not regulatory uncertainty, is behind the damaged labor market. One month later, the Obama administration released its first and only broad defense of the economics of regulation. EPIs work also rebutted exaggerated claims about the costs of regulation, such as the oft-cited claim that regulations cost $1.75 trillion a year. EPI examined the statistical analysis at the heart of this number and found it funPhoto by Flickr user mccready

damentally flawed and illogical. While EPA regulations were often singled out for criticism, EPI analyzed all of the major EPA regulations proposed and finalized under President Obama and found their compliance costs total only around 0.1 percent of the economy and are far exceeded by the substantial benefits of the regulations. Finally, another goal of EPIs work on regulations in 2011 was to add balance to the debate over labor regulations. At the start of last year, the Chamber of Commerce issued a report claiming that stronger state labor regulations are associated with higher state unemployment rates. EPI responded with a methodological analysis and an areaby-area defense of labor regulations. EPI also issued a comprehensive report on a full-fledged assault by a House Appropriations subcommittee on basic labor standards. g NOV. 1 EPI macroeconomist Josh Bivens testifies before the House Committee on Oversight and Government Reform at the hearing Lights Out II: Another Look at EPAs Utility MACT Rule.

A Lifesaver, Not a Job Killer: EPAs Proposed Air Toxics Rule Is No Threat to Job Growth, by Josh Bivens


Lawrence Mishel offers the most thorough takedown yet of the conservative idea that regulatory uncertainty is behind our economic problems.
Photo by Flickr user Rennett Stowe

Most important problem reported by small business, by presidential term

Percent of respondents
Poor sales: 29.6%


A phony explanation for our jobs problem: Small businesses cite poor sales, not regulations, as the single most important problem they face. Reprinted from Regulatory Uncertainty: A Phony Explanation for Our Jobs Problem, by Lawrence Mishel, Sept. 27, 2011



Taxes: 20.8%



Regulations: 13.9%


0% Nixon/Ford


Reagan 1

Reagan 2 George H.W. Clinton 1 Bush

Clinton 2

George W. George W. Bush 1 Bush 2



Race, Ethnicity, and the Economy

People of color have always played a vital role in the American economy. However, these
groups have had continual difficulties participating fully in the economy and sharing equitably in the countrys prosperity. Economic inequalities by race continue to be a key challenge for America. As the country becomes more racially and ethnically diverse, these inequalities cause broader and deeper harm to the overall economy. This harm can be remedied through a societal commitment to a range of policy reforms, including policies that produce higher Latino graduation rates, higher black employment rates, and lower Asian poverty rates. Achieving these goals will result in a stronger and more globally competitive American economy. Last April, PREE released Depressed States: Unemployment Rate Near 20% for Some Groups, a report on unemployment rates by state and race. The paper documented unemployment rates above 20 percent for Latinos in Rhode Island and African Americans vidual briefs on the unemployment rates for different racial and ethnic groups in Louisiana, Michigan, Mississippi, New Mexico, North Carolina, and Texas. In addition, PREE examined the countrys largest metropolitan areas and produced reports in October on the To work toward these goals, EPI launched the Program on Race, Ethnicity, and the Economy (PREE) in 2008. In 2011, PREE continued to focus on the economic challenges confronting people of color in the aftermath of the Great Recession. in Michigan. Such levels of unemployment are comparable to the peak national unemployment rate during the Great Depression. In conjunction with EPIs Economic Analysis and Research Network (EARN), PREE also prepared indi-

A Jobs-Centered Approach to African American Community Development: The Crisis of African American Unemployment Requires Federal Intervention, by Algernon Austin


Rising child poverty rates: From 2007 to 2010, Hispanic children experienced the largest increase in child poverty, and black children had the secondlargest increase. Adapted from Recession Continues to Take Its Toll on Americas Children, by Algernon Austin, Sept. 13, 2011 (blog post)

Percentage-point change in child poverty rate by race/ethnicity, 20072010











EPI became more important than ever, if you wanted to know what was happening not just to working people but what was happening to poor people, and that blacks and Latinos were being hurt much worse by unemployment than some other groups in society.

unemployment rates of Hispanics and African Americans in the metro areas with the largest populations of each group. These reports on metropolitan unemployment among people of color generated significant media coverage. Partnering with the National Council of La Raza helped PREE expand its media outreach to Latinos for the report on Hispanic unemployment. The report received particularly strong coverage in Rhode Island and Connecticut, as those states registered the highest Latino metropolitan unemployment rates. The report on African American unemployment, meanwhile, garnered attention from the Huffington Post, which used it to highlight the 10 metro areas where black unemployment increased the most from 2009 to 2010. g

Photo by Flickr user ellenm1

FEB. 28 Pamela Loprest, director of the Urban Institutes Income and Benefits Policy Center, speaks at Understanding the Low Wages of Black Workers, a forum moderated by PREE Director Algernon Austin at EPIs offices.


EPI believes that a retirement system should be universal, secure, and adequate. As policymakers
have intensified their focus on budget deficits and the cost of social insurance programs and public pensions, they have made proposals that would save money but exacerbate already-growing retirement insecurity. EPIs research has challenged the conventional wisdom that Social Security cutbacks are necessary and inevitable. Working in coordination with the Strengthen Social Security coalition, EPI produced several reports about the impact of proposed budget cuts on Social Security. The reports analyzed the effects of various policies, such as capping federal spending, reducing the Social Security cost-of-living adjustment, and raising the Social Security retirement age. Questioning the conventional wisdom of expecting older workers to delay retirement, EPI research showed that the average worker retires in his or her mid-60s, not early 60s as is often claimed. as all forms of government spending, including tax expenditures for retirement savings, have come under closer scrutiny. Armed with research showing that traditional pensions are more cost-effective than the 401(k)-style plans now more prevalent in the private sector, EPI continues to educate policymakers and activists about the need for comprehensive reform of our employer-based retirement system. In 2011, EPI also continued work with New School for Social Research professor and EPI board member and research associate Teresa Ghilarducci on an update to the Guaranteed Retirement Account plan, first introduced in 2007. The GRA plan, together with Social Security, would provide the average full-career worker with sufficient income to maintain his or her standard of living in retirement.

Photo by Flickr user meddygarnet

The GRA plan helped spur the creation of a new initiative, Retirement USA, convened in 2009 by EPI, the AFL-CIO, the National Committee to Preserve Social Security and Medicare, the Pension Rights Center, and the SerWhile calls for fiscal austerity have vice Employees International Union. put undue pressure on policymakers The primary goals of Retirement USA to change Social Security and other are to draw attention to the problem of successful programs, they have also retirement insecurity and to develop provided an opening for more comcomprehensive reform proposals to prehensive reform, replace the current patchwork retireFEATURED PUBLICATION ment system with Beyond Normal: Raising the Retireone that is univerment Age Is the Wrong Approach to sal, secure, and Social Security, by Monique Morrissey adequate. g

JULY 20 EPI releases A Young Persons Guide to Social Security, a 60-page booklet written by young people to help youth understand how Social Security works, whom it affects, and how it fits into their future plans.




Economic Analysis and Research Network (EARN)

A key component of EPIs work is its partnership with the Economic Analysis and Research Network (EARN)a network of state and regional think-and-do tanks.
The network includes 57 multi-issue advocacy, policy, and research organizations throughout 43 states. In collaboration with a broad range of national organizations, EARN improves the lives of working families state-bystate by: Advancing state-level policy: EARN groups influence policy through research and analysis, media outreach, and legislative testimony. Engaging states on national issues: EARN groups analyze national issues for state partners, who in turn provide state audiences with a trusted local perspective on national issues. Developing ideas and strategies: EARN harnesses the collective expertise of its regional groups to operate as a nationwide think tank that captures the best innovations from the state level. A four-person EARN staff at EPI supports and coordinates the regional organizations through collaborative research and analysis, conferences and meetings, coordinated campaigns, a website, technical assistance, testimony, and media appearances. In 2011, EARN members, with help from EPIs EARN staff, intensified their efforts to draw attention to unemployment at the state level. EPI distributed to EARN groups monthly state-by-state jobs data, along with a software program to aid in analyzing the data. This equipped the regional organizations to create their own monthly reports. With workers rights under attack nationally in 2011, EARN organized the widespread distribution of statespecific EPI reports to aid in on-theground campaigns against right-towork advocates. EARN also provided technical assistance and data for the National Employment Law Projects national campaign to increase the minimum wage and Progressive Marylands state-level campaign to increase the minimum wage. EARN also worked with local partners in Connecticut in their successful effort to pass a paid sick-leave law. g
Photo by Flickr user jimbowen0306

Photo by Flickr user jglazer75

Photo by Flickr user ra_hurd

Paid Sick Days: Measuring the Small Costs for Connecticut Businesses, by Elise Gould and Doug Hall From top: State capitols in Ohio, Connecticut, and Wisconsin



In 2011, as part of its new State of Working America website, EPI began posting a monthly interactive U.S. map displaying how employment in each state has changed since the start of the recession.

Change in employment since the start of the Great Recession (December 2007)*

Over 2.1% 2% to -0.9%

-1% to -3.9% -4% to -6.9%

-7% to -9.9% -10% to -12.9%

*Data show change in number of jobs from December 2007 to February 2012.


EPI punches well above its weight in Washington. So wrote
the Washington Posts Steven Pearlstein in his column about EPIs 25th anniversary. He was referring to the amount of influence and respect EPI is able to generate with a staff and an operating budget far smaller than those of other powerful think tanks. EPIs distinguished experts and sophisticated communications strategies contribute to this influence, which EPI uses to ensure that important policy debates consider the well-being of American workers and their families.


EPI significantly expanded its Internet and social media presence in 2011. Among the highlights, EPI introduced, which provides all of the analyses and data from EPIs The State of Working America publication as well as regularly updated data on key economic indicators. Visitors to the sites most popular, and interactive, pageWhen Income Grows, Who Gains?can compare the growth in incomes of the topearning 10 percent of U.S. households since 1917 with income growth among the bottom 90 percent of Americans. The Working Economics blog, launched in September, gives EPI experts a powerful tool for providing quick analysis of breaking economic news. Posts generated attention in the economic blogosphere and on social media networks, and the blog continues to grow in reputation and reach. EPI also ramped up its Facebook and Twitter activities, in part by using these social media platforms to publicize EPI research. Twitter in particular has been effective in reaching reporters, activists, economists, and elected officials. g


In 2011, EPIs research was cited by top media outlets more than 1,800 times. This tally includes stories by the Associated Press and Reuters and in the New York Times, USA Today, Wall Street Journal, and Washington Post; mentions on ABC, CBS, CNN, FOX News Channel, NBC, and MSNBC; and radio references. Journalists seek the credible and accurate analyses that EPI provides, as evidenced by the pervasiveness of EPIs research and findings in mainstream media outlets nationwide. EPI experts discuss complicated topics related to labor markets, the federal budget, trade, health care, regulation, and immigration in a way that reportersand the people who read, watch, and listen to the newscan understand.



20102011 Financial Statements

These are condensed from full financial statements for the years that ended December 31, 2011, and December 31, 2010, which are presented in conformity with accounting principles generally accepted in the United States of America. The 2010 statements were audited in accordance with generally accepted auditing standards. At the time of this printing the 2011 audit had not yet been performed. Audits are conducted annually. Copies of the full financial statements and the most recent independent auditors report of Squire, Lemkin + Company LLP are available from EPI upon request.

STATEMENT OF FINANCIAL POSITION 2011 ASSETS Current Assets: Cash and cash equivalents Grants receivable Other receivables Prepaid expenses Total Current Assets Furniture and Equipment, net TOTAL ASSETS LIABILITIES AND NET ASSETS: Current Liabilities: Accounts payable and accrued expenses Accrued payroll and vacation Total Current Liabilities Long Term Liabilities Deferred rent benefit TOTAL LIABILITIES Net Assets: Unrestricted Temporarily restricted TOTAL NET ASSETS TOTAL LIABILITIES AND NET ASSETS 1,534,989 3,295,895 4,830,884 5,603,029 354,102 772,145 45,434 372,609 418,043 3,580,971 1,687,278 25,145 59,551 5,352,945 250,084 5,603,029

December 31, 2010

4,286,148 2,177,605 26,734 28,667 6,519,154 212,982 6,732,136

26,350 436,006 462,356

384,270 846,626

1,512,675 4,372,835 5,885,510 6,732,136



For the years ended December 31: 2011 Temporarily Unrestricted Restricted 3,866,515 1,652,043 71,297 7,643 45,745 4,943,455 6,720,183 (4,943,455) (1,076,940) Total 3,866,515 1,652,043 71,297 7,643 45,745 0 5,643,243 6,573,520 Total 5,409,955 1,061,455 31,386 16,838 53,886 2010

REVENUE AND SUPPORT: Grant revenue Public support Publication sales Interest income Rental income Net assets released from restrictions TOTAL REVENUE AND SUPPORT EXPENSES: Programs Management and general Grant procurement and fundraising TOTAL EXPENSES CHANGE IN NET ASSETS NET ASSETS, BEGINNING OF YEAR NET ASSETS, END OF YEAR 5,723,799 598,622 375,448 6,697,869 22,314 1,512,675 1,534,989 (1,076,940) 4,372,835 3,295,895 5,723,799 598,622 375,448 6,697,869 (1,054,626) 5,885,510 4,830,884 5,275,632 708,516 442,758 6,426,906 146,614 5,738,896 5,885,510


2011 Funders and Donors

The Annie E. Casey Foundation Anonymous Atlantic Philanthropies The Advocacy Fund The Bauman Foundation Calvert Social Investment Foundation Carnegie Corporation of New York The Century Foundation Crosscurrents Foundation The Energy Foundation The Ford Foundation The Girardeau A. Spann Charitable Fund Kaplan Jones Family Trust New Directions Foundation Open Society Foundations Peter G. Peterson Foundation Public Welfare Foundation Ralph & Fanny Ellison Charitable Trust Rockefeller Foundation Ross/Strohbehn Gift Fund Russell Sage Foundation Stephen M. Silberstein Foundation Vanguard Charitable Endowment Program W.K. Kellogg Foundation American Federation of Teachers American Income Life Insurance Company Bakery, Confectionery, Tobacco Workers and Grain Millers International Union Communications Workers of America Focus Project OMB Watch Green For All International Association of Fire Fighters International Association of Machinists and Aerospace Workers International Brotherhood of Electrical Workers International Brotherhood of Teamsters Institute for International Education Institute for Womens Policy Research LAANE Laborers International Union of North America Michigan Education Special Services Association National Academy of Social Insurance National Association of Letter Carriers National Education Association National Postal Mail Handlers Union New York Administrative Employees Retail Wholesale and Department Store Union Service Employees International Union United Food and Commercial Workers International Union United Mine Workers of America United Steelworkers University of California-Berkeley University of Texas at Austin Utility Workers Union of America


Anonymous Deborah Chalfie Earl L. Dotter Irwin Garfinkel Geoffrey Garin Teresa Ghilarducci Robert J. Gordon Susan Gross Wayne S. Haefer Edward S. Herman Lawrence and Suzanne Hess Kent H. Hughes Peter Hunsberger Eugenia Kalnay David King Kathy Krieger Eleanor LeCain Stephen Levy Arthur Lieber Elaine McCrate Thomas R. Michaud Lawrence B. and Claire K. Morse Tracy Mott

AFL-CIO Amalgamated Life Insurance Company Amalgamated Transit Union American Federation of State, County and Municipal Employees

Social Security Works The Concord Coalition United Auto Workers United Brotherhood of Carpenters & Joiners of America


Fritz Mulhauser Fred Schreiber Rufus Wanning Charles Winters

ADVOCATES ($5,OOO$9,999)
AARP American Federation of Teachers The Annie E. Casey Foundation Blackstone International Association of Fire Fighters International Association of Machinists National Pension Fund Meketa Investment Group National Nurses United Nucor Corporation Pennsylvania State Education Association Staff Organization Seafarers International Union UAW Chrysler National Training Center Ullico Inc. United Mine Workers of America United Steelworkers

FRIENDS ($1,500$2,499)
American Federation of Government Employees Mark Anderson and Peg Seminario Randy Barber Jared Bernstein and Kay Arndorfer BlackRock California Tax Reform Association Center on Budget and Policy Priorities Stan Collender and Maura McGinn The Commonwealth Fund Entrust Capital Forscey and Stinson, PLLC Josh Gotbaum International Alliance of Theatrical Stage Employees International Federation of Professional & Technical Engineers International Union of Bricklayers and Allied Craftworkers James & Hoffman, P.C. Thea Lee and Mark Simon National Committee to Preserve Social Security & Medicare Robert Pollin Threespot The Yucaipa Companies


American Federation of State, County and Municipal Employees American Income Life Insurance Company Anonymous The Bauman Foundation Jules Bernstein and Linda Lipsett International Association of Machinists and Aerospace Workers International Brotherhood of Teamsters Bernard L. Schwartz United Auto Workers United Brotherhood of Carpenters

ALLIES ($2,500$4,999)
Amalgamated Transit Union American Postal Workers Union America Works Alexis Herman International Union of Painters & Allied Trades Landon Butler & Co., LP Kenneth Lewis Julianne Malveaux National Postal Mail Handlers Union Prism Public Affairs Law Offices of Stewart and Stewart

SPONSORS ($15,000$24,999)
National Association of Letter Carriers Peter G. Peterson Foundation The National Center on Education and the Economy

BENEFACTORS ($10,000$14,999)
Blue Wolf Capital Partners Jobs First 2012 United Food and Commercial Workers International Union UNITE HERE The Wessel Group


EPI Board Members (as of Feb. 3, 2012)

Bob King, President, United Auto Workers Robert Kuttner, Co-founder and co-editor, The American Prospect, and EPI co-founder Donna Lenhoff, Senior Civil Rights Advisor, U.S. Department of Labor Office of Federal Contract Compliance Programs Wilma Liebman, Former Chair, National Labor Relations Board Lisa M. Lynch, Dean and Maurice B. Hexter Professor of Social and Economic Policy at the Heller School for Social Policy and Management, Brandeis University Ray Marshall, Professor Emeritus of the Audre and Bernard Rapoport Centennial Chair in Economics and Public Affairs, University of Texas-Austin, EPI co-founder, and former U.S. Secretary of Labor Gerald W. McEntee,* President, American Federation of State, County and Municipal Employees, and former Chair, EPI Board of Directors Lawrence Mishel, President, EPI Debra Ness, President, National Partnership for Women and Families Pedro Noguera, Professor, Steinhardt School of Culture, Education, and Human Development, New York University Jules O. Pagano,* Vice President, American Income Life, and Executive Director, AIL Labor Advisory Board Manuel Pastor, Professor of Geography and American Studies and Ethnicity, University of Southern California Bernard Rapoport,* Founder, American Income Life Insurance Company, and the Bernard and Audre Rapoport Foundation (deceased) Robert B. Reich, Professor, Goldman Richard L. Trumka, President, AFL-CIO School of Public Policy, University of California-Berkeley, EPI co-founder, and former U.S. Secretary of Labor Roger Smith, President and CEO, American Income Life Randi Weingarten, President, American Federation of Teachers


Julianne Malveaux, President, Bennett College Barry Bluestone, Director, Center for Urban and Regional Policy, Northeastern University R. Thomas Buffenbarger, President, International Association of Machinists Larry Cohen, President, Communications Workers of America Ernesto J. Cortes, Jr., National Co-Director, Industrial Areas Foundation Phaedra Ellis-Lamkins, CEO, Green for All Rep. Keith Ellison (D-Minn.), U.S. House of Representatives Jeff Faux, EPI Distinguished Fellow and Founding President Leo W. Gerard, President, United Steelworkers of America Teresa Ghilarducci, Bernard L. and Irene Schwartz Chair in Economic Policy Analysis, New School for Social Research Jacob Hacker, Stanley B. Resor Professor of Political Science, Yale University Joseph T. Hansen, International President, United Food and Commercial Workers Mary Kay Henry, President, Service Employees International Union Alexis Herman, Chair and CEO, New Ventures, LLC, and former U.S. Secretary of Labor Robert Johnson, Board member, Brennan Center for Justice, Democracy Alliance, and the Institute for Americas Future

* Left board after 2011 Joined board in 2012


EPI Staff
Lawrence Mishel, President Ross Eisenbrey, Vice President Alyce Anderson, Executive Assistant


Christian Dorsey, Director of External and Government Affairs Zaneta Green, Administrative Assistant

Richard Rothstein, Education Research Associate Natalie Sabadish, Research Assistant Robert E. Scott, Director of Trade and Manufacturing Policy Research Stephanie Scott, Executive Assistant/ Conference Coordinator Isaac Shapiro, Regulations Research Associate Heidi Shierholz, Economist Rebecca Thiess, Policy Analyst Elaine Weiss, National Coordinator, Broader Bolder Approach to Education Campaign Hilary Wething, Research Assistant

Jody Franklin, Director of Communications Karen Conner, Media Relations Assistant Director Dont Donald, Media Relations Associate Lora Engdahl, Publications Director Dan Essrow, Graphic Designer Arin Karimian, Online Producer Michael McCarthy, Editor Eric Shansby, Online Director/Creative Director Phoebe Silag, Media Relations Director Yesica Zuniga, Administrative Assistant


John Cook, Finance and Administration Director Shurron Dempsey, Office Manager/Payroll Zaneta Green, Administrative Assistant Charlene Hill, Accountant Jana Sangy, Director of Human Resources Yesica Zuniga, Administrative Assistant


Josh Bivens, Acting Research and Policy Director Algernon Austin, Director of the Race, Ethnicity, and the Economy program Daniel Costa, Immigration Policy Analyst Jin Dai, Programmer Jeff Faux, Founding President and Distinguished Fellow Andrew Fieldhouse, Policy Analyst Nicholas Finio, Research Assistant Elise Gould, Director of Health Policy Research Monique Morrissey, Economist Ethan Pollack, Policy Analyst Douglas Hall, Director David Cooper, Economic Analyst Mary Gable, Policy Analyst

Arlene Williams, Director of Development and Strategic Planning Princess Goldthwaite, Senior Development Associate Sarah Harding, Senior Development Officer James Tatum, Development Associate


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EPI is the single best source for analysis of labor issues, one of the best sources of macroeconomic analysis, and in general a bastion of humane clarity. The Institutes success demonstrates just how powerful it is when you combine intellectual integrity with commitment, when you make a point of doing the math right, but also never forget that you stand for something.