September 18, 2013
The average chief executive in America made 354 times as much as the average worker in 2012, according to the AFL-CIO. And the 400 richest Americans are worth more than the entire bottom half of the economy, Forbes recently reported. Former Labor Secretary Robert B. Reich says that's not just a problem of fairness, it's a threat to the U.S. economy and to democracy. Join us at 10:30 a.m. Thursday as consumer columnist David Lazarus hosts a live chat with Reich about his new documentary, "Inequality for All," which looks at the situation and possible solutions.
April 21, 1991 |
There are two kinds of people who think about economics. The most common and least interesting are called economists; these are the folks who regularly publish unreadable articles in obscure magazines, and who issue periodic forecasts, usually wrong, about what the economy is getting ready to do. The second, more interesting kind of economic thinkers are called "political economists."
November 15, 1999 |
Robert Reich, who served as labor secretary under President Clinton and Al Gore, is endorsing the vice president's rival for the Democratic nomination, two senior party officials said Sunday night. The officials, speaking on condition of anonymity, said Reich was telling fellow Democrats that he would endorse former New Jersey Sen. Bill Bradley today in New Hampshire. Reich headed the Department of Labor during Clinton's first term.
April 24, 1995 |
Help Close Income Gap, Reich Urges Business: Labor Secretary Robert Reich is urging private business to help correct the widening income gap between rich and poor, saying the disparity threatens to "rip our society apart." Speaking to a meeting of the Financial Women's Assn. of New York, Reich said that since 1978 "almost all the increase in average family income . . . has gone to the top fifth" of the U.S. population.
April 8, 2013 |
The workplace is changing as many companies, looking to increase productivity, ask employees for more while giving them less, according to a Los Angeles Times series. That's difficult for individuals at work - but it might also have a profound impact on the economy in the long-term. If workers feel that they have little job security and could be replaced at any time, they're unlikely to spend a lot of money on the big ticket items that fuel consumer spending and, thus, the GDP. With professional development opportunities disappearing, promotions are harder to come by, restricting access to the middle class.
November 14, 2013 |
Master documentarian Frederick Wiseman makes his films his way, and the way he makes them is reflected in how we experience them. "At Berkeley" is Wiseman's 38th doc in 43 years, and each of them, as titles like "Public Housing" and "Boxing Gym" indicate, examines a different institution. "As in all my documentaries," Wiseman writes in "Director's Notes" for his new film, "I had no idea of the themes or structure until I was well advanced in the editing. " Similarly, audiences won't fully understand the themes of this long and thoughtful film until they've experienced it for themselves.