Robert Reich: Although the nation is now producing more goods and services than it did before the slump began in 2007, we’re doing it with six million fewer people.
Robert Reich: Paper entrepreneurs ensure that capital is allocated efficiently among product enrepreneurs. But paper entrepreneurs do not directly enlarge the economic pie. They only arrange and divide the slices. They provide nothing of tangible use. For an economy to maintain its health, entrepreneurial rewards should flow primarily to product, not paper.