Robert Reich Quotes


Walmart is so huge that a wage boost at Walmart would ripple through the entire economy, putting more money in the pockets of low-wage workers. This would help boost the entire economy - including Walmart's own sales.


Citations

Reich, Robert. "The Walmart Economy." HuffPost, 15 Oct. 2013.

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The good jobs that support middle and upper middle class lifestyles are growing at a lesser rate than the minimum and low wage jobs.


The reason the age rave grows faster than the median is that there are some earners at the top who increase by huge amounts while the rest of the population did not grow by much. This is the same phenomenon in England that occurred in the United States in the same period, only the United States differential was even greater.


Robert Reich
Robert Reich
  • Born: June 24, 1946
  • Nationality: American
  • Profession: Economist

Robert Bernard Reich is an American economist, professor, author, and political commentator. He served in the administrations of Presidents Gerald Ford and Jimmy Carter, as well as serving as the United States Secretary of Labor from 1993 to 1997 under Bill Clinton. He was a member of President Barack Obama's economic transition advisory board.