Saving Capitalism: For the Many, Not the Few - Robert B. Reich
Former U.S. Secretary of Labor Robert B. Reich worries that America’s economic recovery is bypassing most Americans. Adjusted for inflation, median hourly and weekly pay has dropped over the past year. Since the depths of the Great Recession in 2009, median household income has fallen nearly 4.5 percent. Well-funded special interests have been allowed to tilt the market to their benefit, shrinking the middle class and creating the greatest income inequality and wealth disparity in 80 years.
In a discussion of his new book, Reich examines how the economic system that helped make our country strong is now failing us. And he lays out what’s needed to fix it. Many of today’s workers aren’t paid what they’re worth. A higher minimum wage doesn’t equal fewer jobs. And corporations needn’t serve shareholders before employees.