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Robert Reich
@rbreich.bsky.social
Berkeley professor, former Secretary of Labor. Co-founder of Inequality Media. Substack: robertreich.substack.com | Mastodon: masto.ai/@rbreich | LinkTree: linktr.ee/rbreich
34.5k followers79 following1.5k posts
RRrbreich.bsky.social

Do you know how much CEO pay has skyrocketed since 1978? 100%? 500%? Try 1,085% Meanwhile, the $7.25/hr fed. minimum wage hasn't budged in 15 years and the tipped min. wage has been $2.13/hr since 1991. This is what I mean when I say the system is rigged.

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Pcecallihelper.bsky.social

Especially egregious in for profit energy / utility sector.

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KCkatiecannon.bsky.social

Biden has gone against neoclassical economics and created a bunch of dollars to pay for public purpose. Reducing poverty & household debt. Versus neoclassical orthodoxy of shoveling our national currency to the top of the economy Relying on bank loans to fuel household consumption.

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EBenbuenora.bsky.social

Since corporations want to replace everything with AI, how about corporations save hundreds of billions of dollars by replacing their executives with AI instead of their workers?

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JTjrazzledazzle.bsky.social

I remember working as a server in 2005 at $2.15 plus tips which barely had me surviving. I moved to managerial and left because $35k wasn’t worth the hassle. It’s a shit industry. I can’t believe that after all these years the only thing that went up was food costs because of price gouging.

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TKkorpivaara.bsky.social

„BUT!“ Certainly they have gotten 1000% more successful, more leadershippy, more modern and humane etc. Especially the one metric: Shareholder value!

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RR
Robert Reich
@rbreich.bsky.social
Berkeley professor, former Secretary of Labor. Co-founder of Inequality Media. Substack: robertreich.substack.com | Mastodon: masto.ai/@rbreich | LinkTree: linktr.ee/rbreich
34.5k followers79 following1.5k posts