At his blog he writes at a post titled, Why You Shouldn't Shop at Wal-Mart:
Today, America’s largest employer is Walmart, whose average employee earns $8.81 an hour. A third of Walmart’s employees work less than 28 hours per week and don’t qualify for benefits...It appears that Reich's influence is microscopic, if there is any at all. Wal-Mart employees are showing up for work and shoppers are filling Wal-Stores.
Walmart earned $16 billion last year (it just reported a 9 percent increase in earnings in the third quarter of 2012, to $3.6 billion), much of which went to Walmart’s shareholders — including the family of its founder, Sam Walton. The wealth of the Walton family now exceeds the wealth of the bottom 40 percent of American families combined, according to an analysis by the Economic Policy Institute.
Is this about to change? Despite decades of failed unionization attempts, Walmart workers are planning to strike or conduct some other form of protest outside at least 1,000 locations across the United States this Friday – so-called “Black Friday,” the biggest shopping day in America when the Christmas holiday buying season begins.
At the very least, the action gives Walmart employees a chance to air their grievances in public – not only lousy wages (as low at $8 an hour) but also unsafe and unsanitary working conditions, excessive hours, and sexual harassment. The result is bad publicity for the company exactly when it wants the public to think of it as Santa Claus. And the threatened strike, the first in 50 years, is gaining steam.
In other words, free exchange goes on. No one is forcing anyone to work at Wal-Mart. Thus, those working there must be doing so because it is the best option they have. If Reich wants to offer them more to work for him, then he should shut-up and start writing checks.
The fact of the matter is that Reich is a major league interventionist. He hates free exchange. He is a central planner and favors wealth redistribution.
In an interview at NYT, he stated "I don't believe in redistribution of wealth for the sake of redistributing wealth. But I am concerned about how we can afford to pay for what we as a nation need to do...[Taxes should pay] for what we need in order to be safe and productive."
He was recently called out for bitching about market pricing in the airline industry, when he charges a market rate of $40,000 to deliver a speech.