Corporate profits hit a record $2 trillion in the second quarter. Meanwhile, many workers are unable to afford a $400 emergency payment. A new report out Monday shows that 59% of U.S. consumers were living paycheck to paycheck last month and many were unable to afford an emergency expense of $400—all while the country’s corporations enjoy […]
“Gas is over $5 a gallon. Why? Well, oil companies made $93 billion in profits in the first quarter and are spending $88 billion on stock buybacks.” Sen. Bernie Sanders on Thursday slammed oil companies for raking in huge profits on the backs of U.S. consumers and reiterated his case for a windfall tax, a demand […]
“People across the country—and across party lines—want corporate giants and their enablers held to account,” says advocacy group, citing fresh survey data. With inflation running rampant in the United States and the Biden administration scrambling for a solution to what’s become a major political and economic crisis, new polling data and swing-state focus group results shared exclusively with Common […]
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 […]