Robert Reich: If you want a single reason for why Democrats lost big on Election Day 2014 it’s this: Median household income continues to drop.
Robert Reich: Most Americans aren’t suicidal, and most don’t work at the minimum wage. But many are deeply anxious about their jobs and panicked about how they’re going to pay next month’s bills.
Robert Reich: The real crisis is the hysteria over Ebola that’s being fed by media outlets seeking sensationalism and politicians posturing for the midterm elections.
Robert Reich: While other nations set wholesale drug prices, the law prohibits the U.S. government from using its considerable bargaining power under Medicare and Medicaid to negotiate lower drug prices.
Robert Reich: The real job creators are members of America’s vast middle class and the poor, whose purchases cause businesses to expand and invest.
Robert Reich: If a soda tax can’t pass in the most progressive city in America, it can’t pass anywhere. Big Soda knows that, which is why it’s determined to kill it here.
Robert Reich: Millions of young people head to college and universities to get a four-year liberal arts degree assuming it to be the only gateway to the middle class. It shouldn’t be.
Robert Reich: The monied interests are doing what they do best – making money. The rest of us need to do what we can do best – use our voices, our vigor, and our votes.
Robert Reich: 27 states have passed laws allowing companies to incorporate as “benefit corporations.” This gives directors legal protection to consider the interests of all stakeholders rather than just the shareholders.
Robert Reich: Does anyone seriously believe hedge-fund mogul Steven A. Cohen is worth the $2.3 billion he raked in last year, despite being slapped with a $1.8 billion fine after his firm pleaded guilty to insider trading?
Robert Reich: Since 2000, almost every big American multinational corporation has created more jobs outside the United States than inside. If you add in their foreign sub-contractors, the foreign total is even higher.
Robert Reich: The “self-made” man or woman, the symbol of American meritocracy, is disappearing. Six of today’s ten wealthiest Americans are heirs to prominent fortunes.
Robert Reich: The story behind story is that America is in an era of sharply rising inequality, with a few at the top doing fabulously well but most Americans on a downward economic escalator.