Robert Reich

Robert Reich

The AI Job Apocalypse Is Already Happening

And What Democrats Should Pledge to Do About it

Robert Reich
May 05, 2026
∙ Paid

Friends,

How can the stock market be rising to record levels while jobs and wages are going nowhere, most Americans are paying higher prices for just about everything, and consumer sentiment is in the dumps?

Answer: Stock prices reflect corporate profits, which have risen to record levels. And corporate profits are soaring for two big reasons:

1. Corporat…

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