Robert Reich

Economist

Robert Reich - Economist

Occupy Wall Street protesters in New York City's Zuccotti ParkOccupy Wall Street protesters in New York City's Zuccotti ParkBy: David Shankbone

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DateArticle NameLocation
12/31/14Robert Reich: Big government isn’t the problemsalon.com
Some believe the central political issue of our era is the size of the government. They’re wrong. The central issue is whom the government is for. Consider the new spending bill Congress and the President agreed to a few weeks ago. It’s not especially large by historic standards. Under the $1.1 trillion measure, government spending doesn’t rise as a percent of the total economy. In fact, if the economy grows as expected, government spending will actually shrink over the next year.
11/19/14The 1 percent is gutting America’s middle classsalon.com
The richest Americans hold more of the nation’s wealth than they have in almost a century. What do they spend it on? As you might expect, personal jets, giant yachts, works of art, and luxury penthouses. And also on politics. In fact, their political spending has been growing faster than their spending on anything else. It’s been growing even faster than their wealth.
09/30/14Robert Reich: The Reagan revolution is killing America’s middle classsalon.com
I was in Seattle, Washington, recently, to congratulate union and community organizers who helped Seattle enact the first $15 per hour minimum wage in the country. Other cities and states should follow Seattle’s example. Contrary to the dire predictions of opponents, the hike won’t cost Seattle jobs. In fact, it will put more money into the hands of low-wage workers who are likely to spend almost all of it in the vicinity. That will create jobs. Conservatives believe the economy functions better if the rich have mo...
09/03/11The Limping Middle Classnytimes.com
The 5 percent of Americans with the highest incomes now account for 37 percent of all consumer purchases, according to the latest research from Moody’s Analytics. That should come as no surprise. Our society has become more and more unequal. When so much income goes to the top, the middle class doesn’t have enough purchasing power to keep the economy going without sinking ever more deeply into debt — which, as we’ve seen, ends badly. An economy so dependent on the spending of a few is also prone to great booms and busts....

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