magazine named him one of let us go Down and Confuse the 10 most effective Cabinet secretaries of the 20th century. Profit margins in refining are plummeting. The reason behind this shift of jobs from advanced to developing nations, which created a great recession in the advanced economies, was the globalization and advancement of technology. In reality, a large and growing share of the nations poor work full time sometimes sixty or more hours a week yet still dont earn enough to lift themselves and their families out of poverty. He has written 14 books, including the best-sellers. Yet over 40 million Americansincluding many children and disabledare already struggling with hunger, and food stamps average only.40 per person per meal. Many are consultants, freelancers and independent contractors. In reality, Trumponomics is a thin veneer of an excuse for giving Americas richalready richer than everwhatever they want, while sticking it to everyone else. The top tax rate paid by Americas wealthy on their capital gains the major source of income for the non-working rich has dropped from 33 percent in the late 1980s to 20 percent today, putting it substantially below the top tax rate on ordinary.
Robert Reich (The Rise of the Working Poor and the Non-Working.)
Robert Reich On Republican Theories On Helping The Rich Over
Robert Reich: The Poor Should Work Harder, but Billionaires
The rise of these two groups the working poor and non-working rich.
Watch Robert Reich Disproves Republican Theories On Helping the Ri ch Instead of the Poor, a Politics video from NowThis.
Trumponomics is a thin veneer of an excuse for giving America s rich whatever they want, while sticking it to everyone else.
This article first appeared on RobertReich.
He served as secretary of labor in the Clinton administration, and. While, at the same time, delivering massive handouts to the wealthy and corporations, he stated. Their debts wont be forgiven. A similar drastic change came about in the employment sector of the inperson servers as well. But were not aware of them because theyre hidden inside the market. Labor unions have been eviscerated. This article first appeared on, robertReich. Consider the rise of both the working poor and the non-working rich, and the meritocratic ideal on which Americas growing inequality is often justified doesnt hold. The Walmart heirs alone have more wealth than the bottom 40 percent of Americans combined.
You often hear ine quality has widened because globalization and technological change have.
Robert Reich on Welfare Poverty; Political pundits.
Of 1990s bull market was to make those who were already rich before 1991 fabulously richer.