Business Robert Reich
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Universal basic income fueled by patents and predicted by Keynes?
In 1928, economist John Maynard Keynes predicted that we would all be sitting easy by 2028. He predicted that technology and the economy would advance to take over work and that humans would reap the seeds of that automation with more free time. Keynes looks like he was right about the technology and the economy, but who is reaping the rewards?
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How overtime pay could help the middle class catch a break
The US Department of Labor proposed raising the overtime threshold from $23,600 a year to $50,400. What does this mean for the middle class?
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Opinion: What the Fair Housing Act ruling means for US's housing discrimination
The Supreme Court made monumental decisions on the Affordable Care Act and same-sex marriage. But, the Court made another important ruling regarding what Robert Reich calls the fight against "economic apartheid": the Fair Housing Act of 1968.
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Opinion: Raise estate tax on America's very rich
The US's estate tax of 40 percent only affects the richest of the rich. But some Congress members think this is too much – in reality, the estate tax should be raised, writes Robert Reich.
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Opinion: why Texas' request for federal aid is awkward
Texas' governor Greg Abbott requested federal help amid the tornadoes and floods that have pounded the state. However, Robert Reich argues that Texas officials' previous actions against the federal government make the state's plea for help awkward.
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The upsurge in uncertain work
As the economy continues to shift, reliable, full-time work will become increasingly rare. The new economy is one of independent contractors and freelancers.
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Opinion: Corporate welfare in California hurting economy and homeowners
Corporate welfare is often approved under the guise of being good for the consumer. Some laws, like California's Proposition 13, give large breaks to Big Business at the expense of revenue for schools and roads.
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Why 'family leave' policies like Netflix's are a sham
Family-friendly policies from tech companies like Netflix should be welcome news, but such perks only apply to top-level talent, not the vast majority of American workers.
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How CEO pay exploded
For the last thirty years almost all incentives operating on American corporations have resulted in lower pay for average workers and higher pay for CEOs and other top executives.
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Opinion: A revolt is taking place against the "ruling class"
Political insiders don’t see that the biggest political phenomenon in America today is a revolt against the “ruling class” of insiders that have dominated Washington for more than three decades, says Robert Reich.
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Opinion: Racial inequality can't be erased if economic inequality remains
Racial inequalities are baked into our political and economic system, and it would be a a terrible mistake for the progressive movement to split into a 'Black lives matter' movement and an 'economic justice' movement.
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How Goldman Sachs profited from the Greek debt crisis
Goldman Sachs helped Greece hide the true extent of its debt, and that only made the Greek debt crisis even worse.
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September 4, 2015
Photos of the Day 09/04
British comedian Rowan Atkinson, in character as 'Mr Bean,' rides on a Mini car along The Mall in central London, Friday.
More Robert Reich
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Opinion: why Texas' request for federal aid is awkward
Texas' governor Greg Abbott requested federal help amid the tornadoes and floods that have pounded the state. However, Robert Reich argues that Texas officials' previous actions against the federal government make the state's plea for help awkward.
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How can the US strengthen unions?
In the US, the decline of the middle class is nearly identical to the decline of American labor union membership. What does this mean for the future of unions and the US economy?
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Opinion: 'Corporate welfare' must go
Corporation are not people and do not need subsidies or tax breaks, writes Robert Reich. Powerful companies do not need 'corporate welfare' – rather, real individuals and families need more support from the government.
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Opinion: Why Americans need to reinvent the entire education system
Senator Bernie Sanders argues that American public colleges should be tuition-free. Higher education should be, writes Robert Reich, but the US needs to reexamine and reinvent the country's entire education system to prepare for tomorrow's economy.
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Small businesses to Republicans: Don't cut corporate taxes
Small businesses owners have long joined with big corporations to back certain Republican candidates. But now they're breaking rank and telling congressional Republicans not to make the deal at the very top of big businesses’ wish list – a cut in corporate tax rates.
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Why Nike won't solve stagnant wages in America (+video)
President Obama chose Nike headquarters in Oregon to deliver a defense of his proposed Trans-Pacific Partnership last week, as the company announced measures to boost its US manufacturing operations. But Nike isn’t the solution to the problem of stagnant wages in America. Nike is the problem.
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Trans Pacific Partnership is more trickle-down economics gone wrong
If the Trans Pacific Partnership is enacted, big corporations, Wall Street, and their top executives and shareholders will make out like bandits. Who will the bandits be stealing from? The rest of us.
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How corporate mergers make consumers and workers powerless
Thanks to the consolidation of the airline, Internet, and other industries into a few large companies, American workers and consumers have fewer choices than we used to have. In almost every area of our lives, it’s now take it or leave it.
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How 'flexible scheduling' is keeping workers in poverty
Flexible scheduling is designed to make retail outlets, restaurants, hotels, and other customer-driven businesses more nimble and keep costs to a minimum, at the cost of regular hours and financial stability for workers. We need a federal law requiring employers to pay for scheduled work.
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Will Hillary Clinton fight hard enough for the middle class?
Average working people need a president who will fight for them more than any time in living memory. Can Hillary Clinton be that president?
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