Robert Reich on expanding the EITC

Former Labor Secretary Robert Reich is quoted in The Wilderness podcast making the case for expanding the earned income tax credit:

“Undoubtedly, artificial intelligence and related technologies are wiping away many good jobs. They will wipe away many middle class jobs over the next 20 years. Some people will have the right education and be at the right place and have the right connections to ride the wave of technology into fabulous jobs, but we’re talking about a very small segment of the American population. So the question then becomes, what do we do to provide a foundation of economic security under the vast majority of Americans?

“Number one, you expand the earned income tax credit, which is a wage subsidy essentially. It’s already the largest anti-poverty program in the U.S. It can be and should be enlarged.”