Is "Buy Now, Pay Later" too good to be true? Former CFPB Director Rohit Chopra shines a light on its hidden costs for borrowers — and our entire economy.
Trump promised a cap on credit card rates. Instead, he delivered a giveaway to credit card companies at your expense. Former CFPB Director Rohit Chopra explains.
What would a typical worker earn today if their wages had grown as fast as CEO pay over the past 50 years? Take a guess and watch this video to find out.
Billie Eilish recently asked a room full of billionaires, “If you’re a billionaire, why are you a billionaire?” One reason? Their wealth keeps growing, yet many of them are giving less to charity now than they have in years. Billionaire philanthropy is a sham. Watch.
Don’t believe the lies you hear about immigrant and undocumented workers. The real villains are the greedy corporations that want workers fighting one another while they rake in record profits at all workers’ expense. Former Acting Secretary of Labor Julie Su explains.
The Trump regime started the week by telling lies about Alex Pretti's murder. Now, Trump has pivoted back to telling lies about the economy in order to change the subject. But on both fronts, Trump's year back in office has been filled with broken promises. Watch.
The median ticket price for Sunday’s Super Bowl is $7,497. I don’t even want to know what a beer costs. But even if you want to go to a regular-season sporting event, tickets and concession prices will cost you a small fortune. Here’s one thing we can do about it.
Are we watching an AI revolution, or a slow-motion economic disaster?
Today’s inflation data shows that prices are rising at their fastest pace since January. Food inflation in particular is hitting Americans hard. Could this be one reason why?
Jimmy Kimmel isn't returning to the airwaves because of "thoughtful conversations" with Disney executives. He's back because consumers sent Disney a clear message: selling out our fundamental rights is not an acceptable cost of doing business.
Energy prices are soaring. So what is Trump doing about it? Gutting clean energy projects while showering his Big Oil donors with billions of dollars in special tax breaks.
Trump's crypto corruption is off the charts. Here's how the president's latest grift could endanger our democracy and crash the economy.
Americans love their national parks. There’s a reason why they were once described as “America’s best idea.” So why are Trump and Republicans taking an axe to the National Park Service’s budget? Follow the money.
People ask me all the time: how do we actually fight the oligarchy? Here's my answer.
Protecting us from financial predators. Keeping our air and water clean. Making sure our food won’t make us sick. Regulations help keep us all safe. So why is Trump gutting so many of them? Hint: follow the money.
Are you really free if your groceries or medicine are so expensive that you can’t afford them? Or if your boss can change your work schedule on a whim or block you from getting a new job? Former FTC Chair (and anti-monopoly expert) Lina Khan explains how excessive corporate power makes us less free.
Should corporations be able to weaponize your personal data to rip you off? Well, they may already be doing that thanks to a shady tactic called “surveillance pricing.” Former FTC Chair Lina Khan explains what we can do about it.
Musk has stepped out of the limelight, but DOGE is still gutting countless government programs and services that millions of Americans rely on. Here are seven ways that DOGE is ruining your life.
He's not ushering in a New Golden Age. He's taking us back to the Gilded Age.
Big corporations are colluding to rip you off. Don’t believe me? Just look at the potato cartel.
Former Secretary of Labor Robert Reich explains why we must not go back to normal after this coronavirus crisis ends, and breaks down four key steps we must take to prevent total climate catastrophe.
Former Secretary of Labor Robert Reich presents the reader's digest of his latest book, The System: Who Rigged It, How We Fix It. He explores the system of power in America that bails out corporations instead of people, even in times of crisis, and breaks down how we have socialism for corporations and the rich, and harsh capitalism for everybody else.
Robert Reich explains why a universal basic income may be the answer.
Heather McGhee, Co-Chair of Color of Change, and Ian Haney Lopez, author of "Dog Whistle Politics", explain how racism has been used as a political tool to shaft students.
Robert Reich explains why using the private sector for government services can have negative consequences.
Just a thought: what if we stopped measuring the economy by the state of the stock market and started measuring it based on how many people are housed and clothed and fed?
I’ve been in or around politics for over a half-century now. I’ve watched as corporations ransacked our system. In 1952, the corporate share of federal tax revenue was 32%. In 2020, it was down to 7%. Here’s how we break the corporate oligarchy and return power to the people.
Former Secretary of Labor Robert Reich explains how CEOS gamed the stock market and played politics to line their pockets.
Former Secretary of Labor Robert Reich debunks the myth of the self-made individual and explains what your life chances really depend on.
Former Secretary of Labor Robert Reich explains the policies that line the pockets of corporations while hurting ordinary Americans.
Former Secretary of Labor Robert Reich breaks down a core contradiction about corporate executives: In the business of making a profit, they rig our system, then expect to be applauded when they make grand statements about solving the problems they helped cause.
When we spend $8 trillion on defense, nobody cares about the deficit. When we pass a $1.9 trillion tax cut, nobody cares about the deficit. But when we try to pass legislation that would actually help working people, the deficit suddenly becomes a problem. What do you think, is the deficit a real cause for so much concern? Share your thoughts in the comments.
What corporate America says: “No one wants to work anymore.” The truth: No one wants to be exploited anymore.
Ask yourself how, during a global pandemic, in the worst economy since the Great Depression, the total net worth of U.S. billionaires has climbed from $2.9 trillion to $3.5 trillion. It’s no accident. We must rebalance the power of workers and corporations to create an economy and a democracy that works for all, not just a privileged few.
Former Secretary of Labor Robert Reich exposes America's real deficit problem…our deficit in public investment.
Former Secretary of Labor Robert Reich breaks down seven ways to tax the rich and raise trillions in revenue.
Former Secretary of Labor Robert Reich debunks the three big myths that trickle-down economics is based on.
Former Secretary of Labor Robert Reich reveals how a little-known tax loophole called the stepped-up basis allows the super-rich to hoard their wealth for generations.
Robert Reich breaks down the political choices that have systematically dismantled worker power over the past 40 years — and how we can build a world where workers have a real voice again.
Robert Reich makes the case for bringing back the old practice of corporations sharing profits with their workers.
The top 1% holds 15x more wealth than the bottom 50% combined. If you’ve never watched a video of mine, please watch this one.
Former Secretary of Labor Robert Reich breaks down how power has shifted from labor unions to corporate giants over the last few decades, resulting in the rich getting richer at the expense of the working class.
The underlying problem is not inflation. It’s corporate power. The entire American economy is concentrated into the hands of a few greedy, corporate giants with the power to raise prices.
Our oil & gas dependence is a death sentence for the climate. It also gives dangerous amounts of power to petro-states like Russia. By quitting our addiction to fossil fuels, we can stand up to Putin and avert a climate catastrophe at the same time.
Private equity is shutting out millions of people from buying their own homes. In 2021, private equity investors bought nearly 1 in 7 homes in top metro areas. This is essentially a direct transfer of wealth from the working class into the pockets of private equity managers.
Robert explains why common myths about the minimum wage fall short, and why raising it will help ordinary working people without contributing to inflation.
Elon Musk’s father owned shares in an emerald mine in Africa. Bill Gates’ mom helped Microsoft get a deal with IBM. Jeff Bezos’ garage-based start was funded by a quarter-million dollar investment from his parents. “Self-made billionaires” are a myth.
Repeat after me: Wages aren’t pushing up prices. Corporate profits are pushing up prices. Instead of raising interest rates and slowing the economy toward a recession, Congress and Biden should be taking aim at corporate price gouging.
The corporate takeover of American politics was rapid and ruthless. In 1976, I watched as thousands of corporate lobbyists descended on Washington. Fast forward to today, and lobbying has become a $3.7 billion dollar industry. It all began with the Powell Memo.
Every month we get reporting on prices. We get reporting on jobs. We get reporting on wages. You know what we don’t get? Reporting on corporate profits. Corporate America wants to keep it this way. Workers get blamed for inflation. Corporations get cover for their greed.
Who else is sick of our government subsidizing the health care industry when millions can’t afford insurance, subsidizing Big Oil while they destroy the planet, and bailing out Wall Street when they crater our economy?
Billionaires have found one more way to fleece the public: sports stadiums. And if we don’t play ball, they’ll take our favorite teams away. This kind of billionaire hardball is why State Farm Stadium, home of this year's Super Bowl, was built in the first place.
96% of the highest-paid workers in the US have paid sick days. Just 38% of the lowest-paid workers get them. Only in America do we call working people ‘essential’ but deny them paid sick leave.
Airline ticketing fees. Concert fees. Bank overdraft fees. Fees for everything. Corporations call them “convenience fees” or “service fees.” Probably because they “conveniently” “serve” to pad their bottom lines, costing Americans at least $29 billion per year. It’s all a huge scam.
Silicon Valley Bank. Signature Bank. First Republic Bank. Together, these three failed banks held more assets than the 25 banks that collapsed during the 2008 financial crash. How can we prevent this financial meltdown from getting worse? Make banking boring again.
Let’s set the record straight: Workers are not “paid what they’re worth." This is a myth peddled by the rich to exploit workers and hoard unconscionable wealth. It’s designed to make us think that nothing can be done to change what people are paid. Don’t fall for it.
"These are the invisible workers of America, tens of millions of them, working harder than they have ever worked before and barely making it. They keep America going — we should keep them going."
Watch my 1995 speech busting right-wing minimum wage myths.
Social Security taxes are rigged for the rich — and the program is in danger because of it. A CEO earning $20M/yr pays Social Security taxes on ~1% of their income. Meanwhile, a normal worker pays Social Security taxes on 100% of their income. How does that make any sense?
Your Prime Day reminder that Amazon allegedly tricked customers into paying for its subscription service and then made it harder for them to cancel. Now the FTC is suing Amazon for scamming millions of consumers. But Amazon's shady shenanigans don't end there.
Put on your shades and grab your picket signs because it's a Hot Labor Summer. Here's why thousands of workers are on strike.
Starbucks has: -Fired scores of pro-union workers -Closed unionized stores -Threatened to withhold improved wages and benefits from stores considering unionizing -Packed stores with corporate managers to scare organizers Does that sound like a “progressive” company to you?
Smaller seats. Less legroom. Out of control fees for in-flight meals, checked bags, or even carry-ons. Charging us $25 to print a boarding pass! Why does flying suck so much these days? It has a lot to do with power — and how greed has overtaken our entire economy.
March 25, 1994: -Ace of Base had the #1 song -D2: The Mighty Ducks hit movie theaters -The Labor Department proposed a national workplace smoking ban I can only claim credit for one of those things.
Nothing tells you how important unions are like corporations controlled by the richest men on earth suing to dismantle the government agency that protects the right to organize. Here’s what you need to know.
No matter what you hear on Fox News, immigrants are good for the economy and our society. Watch.
Boeing’s descent reveals everything wrong with American capitalism today.
Americans are still struggling to get by while corporations are raking it in. Here’s how corporate price gouging is continuing to drive inflation.
The ultra-wealthy can’t cheat death, but they can use death to cheat taxes. Let me explain.
Trump’s second term will expose a reality that has been hidden from many Americans: the raw, stinking power of the American oligarchy. I’m hopeful that America will see this reality for what it is and respond to it.
Trump’s about to preside over the strongest job market in history. But just like his father's fortune, he didn’t build it — he inherited it.
The NFL announced that private equity will be allowed to invest in the league’s franchises for the first time ever. Be warned: Private equity ruins everything it touches.