By Robert Reich – 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…
Business
Why Ordinary People Bear Economic Risks and Donald Trump Doesn’t
By Robert Reich – Thirty years ago, on its opening day in 1984, Donald Trump stood in a dark topcoat on the casino floor at Atlantic Cityâs Trump Plaza, celebrating his new investment as the finest building in Atlantic City and possibly the nation. Last week, the Trump Plaza folded and the Trump Taj Mahal…
The Art of Budget Cutting: Arts Orgs, Others Try To Compose a Response in Mobile
By David Underhill â MOBILE, Ala. â Remember those photos from Pakistan several years ago? Squadrons of unruly lawyers in suits and ties, some with flowing wigs left over from British imperial days, wielding brief cases like cudgels in the streets to protest an insult to themselves and the constitution by autocratic rulers? Now picture…
The Egregious History of Coca-Cola: A Capitalist Abuser
By Heather Gray – Years ago, Alex Cockburn tried to encourage me to write a book about The Coca-Cola Company. I haven’t done this as yet. But he would be pleased, however, about me mentioning the recent victory reported by the India Resource Center regarding Coca-Cola Expansion Plans Rejected” in India. This was followed by…
The Rebirth of Stakeholder Capitalism?
By Robert Reich – In recent weeks, the managers, employees, and customers of a New England chain of supermarkets called âMarket Basketâ have joined together to oppose the board of directorâs decision earlier in the year to oust the chainâs popular chief executive, Arthur T. Demoulas. Their demonstrations and boycotts have emptied most of the…
Amazon and Hachette Face Off in E-Book Price War
Guest Editorial Amazon Books Just before World War II, there was a radical invention that shook the foundations of book publishing. It was the paperback book. This was a time when movie tickets cost 10 or 20 cents, and books cost $2.50. The new paperback cost 25 cents – it was 10 times cheaper. Readers…
There’s No Correlation Between Work and Worth
By Robert Reich – What someone is paid has little or no relationship to what their work is worth to society. Does anyone seriously believe hedge-fund mogul Steven A. Cohen is worth the $2.3 billion he raked in last year, despite being slapped with a $1.8 billion fine after his firm pleaded guilty to insider…
Home Grown Axis of Evil: Corporate Agribusiness, the Occupation of Iraq and the Dred Scott Decision
By Heather Gray – In 2005, I attended the National Media Reform Conference in St. Louis, Missouri. While there I visited the historic St. Louis courthouse and the huge Gateway Arch by the Mississippi River that symbolizes St. Louis as the gateway to the west. It was here that U.S. corporate agribusiness, the U.S. occupation…
Labor Report Shows States That Raised the Minimum Wage See Faster Job Growth
A new report released by the U.S. Department of Labor provides solid evidence that raising the minimum wage in states tends to spur job growth, the opposite of what conservative critics claim. The state-by-state hiring data, released Friday by the Labor Department, provides ammunition to the camp in favor of raising the minimum wage. In…
The Rise of the Non-Working Rich
By Robert Reich – In a new Pew poll, more than three quarters of self-described conservatives believe “poor people have it easy because they can get government benefits without doing anything.” In reality, most of America’s poor work hard, often in two or more jobs. The real non-workers are the wealthy who inherit their fortunes.…
Lordly Lobby Is Not a Hobby: Courts and Corps Running History Backwards
To learn who rules over you, simply find out who you are not allowed to criticize. – Voltaire, 1694-1778 – By David Underhill – MOBILE, Ala. – Newly captured Africans bound for slavery in the Americas often didn’t arrive directly. They stopped in the Caribbean islands for “seasoning.” There they lost their culture, language, religion.…
Students Head Into Heartland to Help Walmart Workers Organize
By Robert Reich – I spent several days in New York last week with students from around the country who were preparing to head into the heartland to help organize Walmart workers for better jobs and wages. (Full familial disclosure: My son Adam is one of the leaders.) Almost exactly fifty years ago a similar…
President Obama Dedicates Organ Mountains Desert Peaks as New National Monument in New Mexico
President Barack Obama set an ambitious goal two years ago to attract 100 million international visitors to the United States each year by the end of 2021. More than 70 million travelers from around the world visited the U.S. in the last year alone — and they spent more than $180 billion. “That’s huge, and…
The Practical Choice: Not American Capitalism or ‘Welfare State Socialism’ but an Economy That’s Working for a Few or Many
By Robert Reich – For years Americans have assumed that our hard-charging capitalism is better than the soft-hearted version found in Canada and Europe. American capitalism might be a bit crueler but it generates faster growth and higher living standards overall. Canada’s and Europe’s “welfare-state socialism” is doomed. It was a questionable assumption to begin…
Invest in Good Companies to Save Unions and Support a Sustainable Environment
Coming Clean – By Michael Brune – My current column in SIERRA magazine Money Talks, Carbon Walks describes how each of us can help build the fossil-free economy by exercising our influence as consumers and investors. Most of us will do that because we believe it’s right but, as I wrote in Sierra: “If environmental…
The Four Biggest Right-Wing Lies About Inequality
By Robert Reich – Even though French economist Thomas Piketty has made an air-tight case that we’re heading toward levels of inequality not seen since the days of the nineteenth-century robber barons, right-wing conservatives haven’t stopped lying about what’s happening and what to do about it. Herewith, the four biggest right-wing lies about inequality, followed…
Raising Taxes on Corporations that Pay Their CEOs Royally and Treat Their Workers Like Serfs
By Robert Reich – Until the 1980s, corporate CEOs were paid, on average, 30 times what their typical worker was paid. Since then, CEO pay has skyrocketed to 280 times the pay of a typical worker; in big companies, to 354 times. Meanwhile, over the same thirty-year time span the median American worker has seen…
Mobile Bucks National Trend, Sides With Polluting Industry Over Tourism and the Environment
By Glynn Wilson – MOBILE, Ala. — While many local and state governments across the country are joining the federal government in turning away from the development of fossil fuel production in favor of clean, renewable energy to fight climate change due to global warming and create the good, high paying jobs of the future,…
Why the Minimum Wage Should be Raised to $15 an Hour
By Robert Reich – Momentum is building to raise the minimum wage. Several states have already taken action. Connecticut has boosted it to $10.10 by 2017, the Maryland legislature just approved a similar measure, Minnesota lawmakers just reached a deal to hike it to $9.50. A few cities have been more ambitious — Washington, D.C.…
Will Union Workers See the Light In Time to Save the American Economy?
National Labor Relations Board to Begin Hearings on Workers Complaint Against Mercedes April 7 – By Glynn Wilson – BIRMINGHAM, Ala. — Union workers and members of the public who understand the important role organized labor plays in public affairs across America will be watching to see what happens when the National Labor Relations Board…