by Robert Reich | Apr 21, 2015 | Blog, Jobs and Growth
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...
by Robert Reich | Feb 23, 2015 | Blog, Economy, Jobs and Growth
GM is worth around $60 billion, and has over 200,000 employees. Its front-line workers earn from $19 to $28.50 an hour, with benefits. Uber is estimated to be worth some $40 billion, and has 850 employees. Uber also has over 163,000 drivers (as of December – the...
by Robert Reich | Feb 18, 2015 | Blog, Economy, Jobs and Growth, Trans-Pacific Partnership
Suppose that by enacting a particular law we’d increase the U.S.Gross Domestic Product. But almost all that growth would go to the richest 1 percent. The rest of us could buy some products cheaper than before. But those gains would be offset by losses of jobs and...
by Robert Reich | Jan 28, 2015 | Blog, Economy, Financial Reform
Presidential aspirants in both parties are talking about saving the middle class. But the middle class can’t be saved unless Wall Street is tamed. The Street’s excesses pose a continuing danger to average Americans. And its ongoing use of confidential corporate...
by Robert Reich | Dec 18, 2014 | Blog, Financial Reform
A few years ago, hedge fund Level Global Investors made $54 million selling Dell Computer stock based on insider information from a Dell employee. When charged with illegal insider trading, Global Investors’ co-founder Anthony Chiasson claimed he didn’t know where the...
