Business Robert Reich

  • The 'Soda Wars' are coming to your town

    Berkely, Calif. is facing major opposition from the beverage industry for its proposed soda tax, which will be on the ballot in November. The beverage industry has spent millions defeating such measures across the country, but can it do so in America's most progressive city? 

  • Why the poor are paying for Detroit's bankruptcy

    Detroit's bankruptcy is a model for how wealthier and whiter Americans escape the costs of public goods they’d otherwise share with poorer and darker Americans. Are Detroit, its public employees, poor residents, and bondholders the only ones who should sacrifice when 'Detroit' can’t pay its bills? Or does the relevant sphere of responsibility include Detroit’s affluent suburbs?

  • College shouldn't be the only gateway to the middle class

    Millions of young people head to college and universities, assuming that a four-year liberal arts degree is the only gateway to the American middle class. It shouldn’t be.

  • Back to school, and to widening inequality

    American kids are heading back to school, but they're entering back into a school system that is widening the achievement gap between lower and higher-income children. Here's what we can do about it. 

  • 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. 

January 26, 2015

Photos of the weekend

Firefighter Travis Theurer signals to those on shore that he’s strapped fellow firefighter Donnie Corn in to be pulled out of the water Saturday, during ice rescue training in Portland, Indiana.

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