Amazon, which has reported $10.3 billion in recent federal contracts, paid CEO Andy Jassy 6,474 times more than it paid its median worker last year. As ordinary workers across the United States watched inflation eat away at modest wage gains in 2021, many corporations—including firms contracting with the federal government—used record-shattering profits to lavish their CEOs […]
“At a time when over half of the people in this country live paycheck to paycheck,” the Vermont senator wrote, “should we really be providing a multibillion-dollar taxpayer bailout for Bezos to fuel his space hobby?” Sen. Bernie Sanders took to the pages of The Guardian on Friday to inveigh against legislation currently before Congress that, if approved, […]
“CEOs can’t stop bragging on corporate earnings calls about jacking up prices on consumers to keep their profits soaring,” said one expert. Federal data released Wednesday shows that U.S. corporate profits jumped 25% to record highs in 2021 even as the coronavirus pandemic wreaked havoc on the nation’s economy, disrupting supply chains, hammering low-wage workers, and helping to […]
The survey found that 80% of voters want the federal government to “crack down on large corporations that raise prices unfairly.” New polling results published Monday show that a majority of U.S. voters see corporate profiteering as a key driver of inflation and support a federal crackdown on companies that are “unfairly” pushing costs onto consumers. […]