Business Robert Reich

  • The real reason Democrats lost big in 2014

    If you want a single reason for why Democrats lost big on Election Day 2014 it’s this: Median household income continues to drop, and this is the first 'recovery' in memory in which this has happened.

  • Money has made Americans sick of politics. What we can do about it.

    Americans are sick of politics. A large portion of the public doesn’t even bother voting, assuming the political game is fixed. The only way back toward a democracy and economy that work for the majority is for most of us to get politically active once again, becoming organized and mobilized.

  • Market Basket protests a victory for capitalism for all, not some

    Market Basket CEO Arthur T. Demoulas worked to keep prices low and pay his employees more. No wonder that when the board moved to oust him in favor of someone who would increase profitability for shareholders, managers, employees, and customers of Market Basket were outraged. 

  • Robert Reich: Valuable workers to society are underpaid

    People who contribute to society, such as teachers and social workers, make far less money than they should, writes Robert Reich. For example, Robert Reich points out that personal-care aids who help the elderly and people with disabilities make about $20,000 a year. 

  • Should we worry if big global corporations are 'American?'

    People should stop worrying about whether or not giant global corporations are 'American,' writes Robert Reich. Instead, the US should focus on what the US wants from these corporations, like job creation.

  • What is Harvard Business School's responsibility in addressing income inequality?

    For years, some of the nation’s most talented young people have flocked to Harvard Business School and other elite business schools  in order to take up positions at the top rungs of American corporations. But are they learning the right lessons about helping society thrive? 

  • 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.

November 21, 2014

Photos of the day 11/21

Wang Xuehan and Wang Lei of China compete during their pairs short program at the ISU Bompard Trophy Figure Skating competition in Bordeaux, France.

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