By Robert Reich – The great American middle class has become an anxious class – and it’s in revolt. Before I explain how that revolt is playing out, you need to understand the sources of the anxiety. Start with the fact that the middle class is shrinking, according to a new Pew survey. The odds…
By Glynn Wilson – MOBILE, Ala. – A fog rolled through the historic Oakleigh Garden District this morning as I opened my eyes, got out of bed, started the coffee and cranked up the Internet on the Mac. We have a team together and will be meeting with lawyers and accountants today to begin finalizing…
By Robert Reich – In this holiday season it’s especially appropriate to acknowledge how many Americans don’t have steady work. The so-called “share economy” includes independent contractors, temporary workers, the self-employed, part-timers, freelancers, and free agents. Most file 1099s rather than W2s, for tax purposes. It’s estimated that in five years over 40 percent of…
By Glynn Wilson – MOBIlE, Ala. – While the national news is rife with stories about the death of the Keystone XL Pipeline out west, the ongoing climate talks in Paris and the low price of oil internationally, a local petroleum industry front group and the politicians and media they are trying to buy seem…
By Glynn Wilson – Some of the world’s largest companies are setting long-term targets to power operations with renewable energy, especially solar, in what analysts are calling a wave of commitments by corporations to get serious about fighting climate change due to human induced global warming. Backers of a campaign to divest from fossil fuels…
By Robert Reich – Giant Wall Street banks continue to threaten the wellbeing of millions of Americans, but what to do? Bernie Sanders says break them up and resurrect the Glass-Steagall Act that once separated investment from commercial banking. Hillary Clinton says charge them a bit more and oversee them more carefully. Most Republicans say…
By Glynn Wilson – WASHINGTON, D.C. – In spite of the naysayers on the political right, solar power continues to grow as a significant source of energy in the economy of the United States, setting records every year, according to a new report out from the Solar Energy Industries Association. Out of all new electricity…
By Robert Reich – In 1928, famed British economist John Maynard Keynes predicted that technology would advance so far in a hundred years – by 2028 – that it will replace all work, and no one will need to worry about making money. “For the first time since his creation man will be faced with…
By Robert Reich – “He can’t possibly win the nomination,” is the phrase heard most often when Washington insiders mention either Donald Trump or Bernie Sanders. Yet as enthusiasm for the bombastic billionaire and the socialist senior continues to build within each party, the political establishment is mystified. Political insiders don’t see that the biggest…
By Robert Reich – President Obama is said to be considering an executive order requiring federal contractors to disclose their political spending. He should sign it immediately. But he should go further and ban all political spending by federal contractors that receive more than half their revenues from government. Ever since the Supreme Court’s shameful…
By Robert Reich – Almost lost by the wave of responses to the Supreme Court’s decisions last week upholding the Affordable Care Act and allowing gays and lesbians to marry was the significance of the Court’s third decision – on housing discrimination. In a 5-4 ruling, the Court found that the Fair Housing Act of…
So Why Do They Keep Geting Reelected? – By Jeffrey M. Jones – PRINCETON, N.J. — Americans’ confidence in most major U.S. institutions remains well below the historical average, especially the Republican Congress, according to the latest Gallup poll on the subject. “Congress is the institution in which Americans express the least confidence this year,”…
By Robert Reich – One big reason America was far more equal in the 1950s and 1960s than now is unions were stronger then. That gave workers bargaining power to get a fair share of the economy’s gains – and unions helped improve wages and working conditions for everyone. But as union membership has weakened…
By David Underhill – MOBILE, Ala. – Thoroughbreds charging around the final turn and down the homestretch. Blinders strapped on the sides of their faces to keep their attention on the finish line straight ahead. Preakness Stakes at Pimlico racetrack in Baltimore. Second leg of the Triple Crown later this week. Delegations of civic leaders…
By Robert Reich – Have we learned nothing from thirty years of failed trickle-down economics? By now we should know that when big corporations, Wall Street, and the wealthy get special goodies, the rest of us get shafted. The Reagan and George W. Bush tax cuts of 1981, 2001, and 2003, respectively, were sold to…
Eschew Obfuscation – By Michael Douglass – International trade deals are always notorious in the rear view mirror of globalization. Bill Clinton’s legacy will forever be jaundiced by two things, a blow job and NAFTA. That blow job didn’t usher in the atrophy of the American middle class. So exactly why is this president deliberately…
By Robert Reich – These days it’s not unusual for someone on the way to work to receive a text message from her employer saying she’s not needed right then. Although she’s already found someone to pick up her kid from school and arranged for childcare, the work is no longer available and she won’t…
By Robert Reich – It’s a paradox. Almost all the economic gains are still going to the top, leaving America’s vast middle class with stagnant wages and little or no job security. Two-thirds of Americans are working paycheck to paycheck. Meanwhile, big money is taking over our democracy. If there were ever a time for…
By Robert Reich – Not long ago I was asked to speak to a religious congregation about widening inequality. Shortly before I began, the head of the congregation asked that I not advocate raising taxes on the wealthy. He said he didn’t want to antagonize certain wealthy congregants on whose generosity the congregation depended. I…
By Robert Reich – It’s now possible to sell a new product to hundreds of millions of people without needing many, if any, workers to produce or distribute it. At its prime in 1988, Kodak, the iconic American photography company, had 145,000 employees. In 2012, Kodak filed for bankruptcy. The same year Kodak went under,…
