Reich reminds us that we have forgotten three important economic lessons we learned during the 30 years following World War II:
1. Real job creators are consumers, whose rising wages generate jobs and growth.
2. The rich do better with a smaller share of a rapidly growing economy than with a large share of an economy that is hardly growing at all.
3. Taxes to finance public investments –roads, bridges, public transportation and education benefit us all.
Reich always is imminently reasonable. Why is he so hard to hear? Robert Reich’s Economics 101