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Business Robert Reich

  • What happens when robots replace all of our jobs?

    The combination of advanced sensors, voice recognition, artificial intelligence, big data, text-mining, and pattern-recognition algorithms, is generating smart robots capable of quickly learning human actions. That's bad news for the skilled labor market. 

  • America's well-being can't count on corporations

    The US economy is picking up steam but most Americans aren’t feeling it. Most European economies are still in bad shape, but most Europeans are doing well. Thank the outsize influence of American corporations. 

  • Will the Democratic nominee for 2016 take on Wall Street?

    The Democratic nominee for President will campaign on reviving the American middle class. But will she take on the moneyed interests – the large Wall Street banks, big corporations, and richest Americans – who have engineered the largest upward redistribution of wealth in modern American history?

  • 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.  

  • 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. 

  • 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.

May 23, 2015

Photos of Memorial Day weekend

A boy holds a rifle during celebrations marking the 25th anniversary of Yemen's unification in Sanaa Saturday. North and South Yemen were formally united in 1990.

More Robert Reich
  • Will the Democratic nominee for 2016 take on Wall Street?

    The Democratic nominee for President will campaign on reviving the American middle class. But will she take on the moneyed interests – the large Wall Street banks, big corporations, and richest Americans – who have engineered the largest upward redistribution of wealth in modern American history?

  • How to make companies pay 'independent contractors' properly

    Independent contractors, including Uber drivers, franchisees, consultants, and free lancers, are subject to low pay, irregular hours, and job insecurity. In order to protect these workers, we need a better way to determine who qualifies as an employee of a company. 

  • How trade deals boost the rich and bust the rest

    I used to believe in trade agreements like the upcoming Trans Pacific Partnership. That was before the wages of most Americans stagnated and a relative few at the top captured just about all the economic gains.

  • We're setting the job market back 200 years

    With the rise of on-demand jobs like Uber, we're reverting back to a 19th-century job market where 'freedom  of contract' ruled the day. It was an era when many workers were 'happy' to toil 12-hour days in sweat shops for lack of any better alternative. 

  • Uber, Airbnb, and the 'share-the-scraps' economy

    Uber, Airbnb,Instacart, and other multibillion dollar startups make up what is referred to as the 'share economy.' A more accurate term would be the 'share-the-scraps' economy,' one that allows workers to patch together barely enough to live on. 

  • Wall Street is a threat to the American middle class

    The middle class is a hot political property for Republicans and Democrats alike, but the middle class can't be saved unless Wall Street is tamed. 

  • Jeb, Mitt zero in on inequality. Can Republicans get it right this time?

    Jeb Bush and Mitt Romney have outlined plans to reverse widening income inequality, alleviate poverty, and provide 'opportunity for all.'  However, evidence suggests that almost every time a Republican has moved into the White House, his policies have widened inequality. 

  • Why wages won't rise

    For worker wages to rise, the unemployment rate would have to sink far lower than it is today, probably below 4 percent. And there’s reason to believe the link between falling unemployment and rising wages has been severed.

  • How insider traders are rigging America

    Insider trading is illegal but major players on Wall Street still make tons of money because they're good at using confidential information.

  • Why college is necessary but gets you nowhere

    Since 2000, the incomes of young people who have graduated college have barely risen. The problem is this; while a college education is now a prerequisite for joining the middle class, the middle class is in lousy shape. A college degree no longer guarantees a good job. 

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