Robert Reich

Robert Reich

How the oligarchy shrank America’s middle class (Why American capitalism is so rotten, Part 8)

I saw it happen.

Robert Reich
Jan 12, 2024
∙ Paid

Friends,

When I was a boy, my father sold dresses and blouses to the wives of factory workers. As the wages of those workers rose through the 1950s, my father earned enough to expand his business to a second shop in another factory town not far away. We were by no means rich, but he earned enough to put us in the middle class.

For three decades after Worl…

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