Big, profitable companies could have been barred from laying off a large number of workers all at once, and could have been required to pay severance—say, a year of wages—to anyone they let go. Corporations whose research was subsidized by taxpayers could have been required to create jobs in the United States. The minimum wage could have been linked to inflation. And America's trading partners could have been pushed to establish minimum wages pegged to half their countries' median wages—thereby ensuring that all citizens shared in gains from trade and creating a new global middle class that would buy more of our exports.Is Professor Robert Reich closer in economic philosophy to Professor Suslov or Professor Hayek?
Saturday, July 03, 2010
Liberals Give Solutions for "Inequality" in Nation Forum
The Nation invited some energetic statists to give some advice on the subject of inequality. Robert Reich: