“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 […]
New data reveals a massive “transfer of wealth” from the working class, which is paying higher prices as consumers, to the investor class reaping the financial benefits. As inflationary pressure drives up costs throughout the economy, a new analysis out Wednesday reveals that corporations are raking in record profits by jacking up prices at the grocery store, gas pump, and […]
“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 […]