Robert Reich: New data from the Commerce Department shows employee pay is now down to the smallest share of the economy since the government began collecting wage and salary data in 1929.
Robert Reich: Can we just put ideology aside for a moment and be clear about the facts? Consumer spending (70 percent of the economy) is flat or dropping because consumers are losing their jobs and wages, and don’t have the dough. And businesses aren’t hiring because they don’t have enough customers.
The Reverend Al Sharpton and various labor unions have announced a March for Jobs. But I’m afraid we’ll need more than marches to get jobs back. Since the start of the Great Recession at the end of 2007, America’s potential labor force – that is, working-age people who want jobs – has grown by over [...]
Robert Reich: The appropriation bill the House passed June 16 would deny benefits to more than 700,000 eligible low-income women and young children next year. What kind of country are we living in?