One in four U.S. employees are low-wage workers. That is 20 percent higher than in the United Kingdom, and the highest percentage among industrialized nations. So how'd that all anti-union stuff work out?
As inequality grows, the rich become more powerful than the rest of the population, enabling them to veto any policy that impedes their one-sided enrichment. They also become less empathetic toward the rest of the population, whose lives seem less similar to their own with each passing year.
Akin to the suffering of middle class and poor families in these difficult economic times, the one percent are struggling as well behind their gilded ...
The news that the Pac-12 Conference jumped to the head of the class in 2012-13, earning $330 million in record revenue comes as no surprise. Welcome to the new college sports business model.
Over 73 million adults have a college degree in this country, but less than 2 million of them are members of the One Percent. Most earn less than a fifth of what they'd need to qualify for the One Percent.
Ken Langone, the big-spending Home Depot Billionaire and ally of Charles and David Koch, clumsily defended his March 2014 comments comparing populist criticism of the 1 percent with the rise of Nazi Germany, in an interview with Capital New York published this week.
In the wake of Citizens United decision, and the more recent McCutcheon case, there has been lots of discussion about campaign finance reform and the ...
The argument goes that instead of being jealous, we all should be working in harmony together to create jobs and opportunity. Problem is, the deeply rich talk about building the economy but do almost nothing about it.
The path to financial stability is harder to navigate than it has been in almost a century. And yet, the 99 percent forge ahead unappreciated by the fortunate few who reap the profits and call themselves deserving.
As I write this commentary on International Holocaust Remembrance Day, I am outraged because of what I perceive as the use and misuse of the Holocaust by some to justify and maintain the enormous economic disparity in the U.S. and across the globe.
The reason is quite simple: Those workers are also consumers. When the 99 percent earn more, they spend more, and the one percent can produce more and earn more themselves.
You worked hard for that money. No one can deny that. You have been rewarded for your talent, your intelligence, your risk-taking, your creativity, and your good fortune. The notion that you should change a system that has worked so well must seem downright stupid.
On Moyers & Company, Robert Reich talked about his new film Inequality for All. The film explains why America's widening income gap is a threat -- not only to the viability of our workforce -- but also to the foundations of our democracy.
Obama's choice of Summers as chair of the Fed would deal a devastating blow to what little is left of the public's faith that the government will serve the common good and not the ultra-rich. For Summers is the perfect symbol of the insider's game that now dominates Washington.
During a period when the economy doubled in size, the total income earned by 90 percent of Americans didn't increase by a single penny. All the gains went to the richest 10 percent.
Larry Summers is the wrong guy for the wrong job at the wrong time. This pick is terrible politics and worse substance.