Robert Reich: At a time in our history when 95 percent of all economic gains are going to the top 1 percent, raising the minimum wage to $15 an hour isn’t just smart economics and good politics. It’s also the morally right thing to do.
Robert Reich: Connect the dots and you see how the big-money takeover of our democracy has lead to an economy that’s barely functioning for most Americans.
Lousy Jobs Report: As companies focus on short-term prices at the expense of long-term growth, we’re in for years of sluggish performance.
Widening Inequality — America’s savage inequality is the main reason equal opportunity is fading and poverty is growing.
Supporting Obamacare — What distinguishes America is our pragmatism, resilience, and optimism. We invent, experiment, and fix.
Equal Opportunity — America is now more unequal that it’s been for eighty or more years. Equal opportunity has become a pipe dream.
Charitable Giving — The generosity of the super-rich is proffered as evidence they’re contributing much to the nation’s well-being.
Robert Reich: And without some redistribution, America’s growing army of low-wage workers may fall prey to demagogues on the right or left who offer convenient scapegoats for their frustrations.
Robert Reich: Americans are getting great deals online, and they like the convenience. But there’s a hidden price. With the growth of online retailing, fewer Americans will have jobs in bricks-and-mortar retail stores.
Robert Reich: Republican wordsmiths know they can count on Fox News and right-wing yell radio to amplify and intensify all of this in continuous loops of elaboration and outrage, repeated so often as to infect peoples’ minds like purulent pustules.
Robert Reich: Walmart is so huge that a wage boost at Walmart would ripple through the entire economy, putting more money in the pockets of low-wage workers. This would help boost the entire economy — including Walmart’s own sales.
Robert Reich: But spineless Democrats (including my old boss Bill Clinton) are caving in to the Republican-fueled outrage that the President “misled” Americans into thinking they could keep their old lousy policies — and are now urging the White House to forget the new standards and let people keep what they had before.
Robert Reich: Had Democrats stuck to the original Democratic vision and built comprehensive health insurance on Social Security and Medicare, it would have been cheaper, simpler, and more widely accepted by the public. And Republicans would be hollering anyway.