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Most Americans are on a downward escalator. Median wage in the United States, adjusted for inflation, keeps on dropping.

Robert Reich

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Robert Reich
Age: 78
Born: 1946
Born: June 24
Economist
Former United States Secretary Of Labor
Political Scientist
Politician
University Teacher
Scranton
Pennsylvania
Robert Bernard Reich
Dropping
Wage
Inflation
Keeps
Escalator
Americans
Escalators
United
Median
States
Downward
Adjusted

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If you ever want to get a sense of your own personal failure, look at yourself trying to get across a point that nobody is listening to and the situation gets worse and worse.
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In the life of a nation, few ideas are more dangerous than good solutions to the wrong problems.
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There will always be a business cycle, and white-collar workers will get hit in the next recession like they always do in recessions.
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I knew Hillary Clinton from undergraduate days and was enormously impressed with her. She was a terrific energy and enthusiasm, and a great organizer. And I knew that she was going to have a political future.
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Now, inventiveness and empathy, those qualities, if they're together in the same person, you've got an entrepreneurial genius. But they do tend to be slightly separate.
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The federal budget deficit isn't the nation's major economic problem and deficit reduction shouldn't be our major goal. Our problem is lack of good jobs and sufficient growth, and our goal must be to revive both.
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Education is not the only answer and it's certainly not the immediate solution. At best, it's a necessary, but not sufficient response to widening inequality.
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Cynicism is the largest obstacle to social change. Cynicism is dangerous because people throw up their hands and say, Well it's not possible. Why should I even try?
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The only sure way to stop excessive risk taking on Wall Street so you don't risk losing your job, or your savings or your home, is to put an end to the excessive economic and political power of Wall Street by busting up the big banks.
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Standing up to bullies is the hallmark of a civilized society.
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The only way to grow the economy in a way that benefits the bottom 90 percent is to change the structure of the economy. At the least, this requires stronger unions and a higher minimum wage.
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The only way America can reduce the long-term budget deficit, maintain vital services, protect Social Security and Medicare, invest more in education and infrastructure, and not raise taxes on the working middle class is by raising taxes on the super rich.
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I mean, you hear the word 'globalization' over and over and over again. Globalization, globalization, globalization. Rarely has a word gone so directly from obscurity to meaninglessness without any intervening period of coherence.
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We need to expand Social Security to prevent the looming retirement crisis, and we can do it simply by asking billionaires to pay their fair share.
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Social change occurs when the gap between the ideals that people hold and the reality that they see every day gets too large.
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We reform the system. We save capitalism from its own excesses.
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We can't know in advance what history is going to say, but I would be utterly amazed and surprised if this entire adventure, this entire Iraqi invasion from the beginning of its inception, were not judged to be an utter failure and a terrible, terrible thing for the world.
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I think that it's difficult to talk about large questions of economics or social policy without understanding the building blocks of society. And those building blocks are organizations, the people who run them, and the people who work in them.
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I have found over the years that the most important way of getting people to relax is self-deprecating humor.
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The United States is a safe harbor.
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