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#Corporate profits
odinsblog · 7 months
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Welcome to America. If you’re poor, you’re dead. And it ain’t “inflation” that’s killing you, it’s corporate greed + government policies that, even in a pandemic, favor capitalism over human lives
👉🏿 https://theintercept.com/2021/09/07/joe-manchin-epipen-price-heather-bresch/
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factcheckdotorg · 6 months
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Biden's Numbers, October 2023 Update
Today we take a look at the most recent statistical measures of how the U.S. has changed since President Biden took office.
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feckcops · 11 months
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Meet the Robin Hood-style activists ‘shoplifting’ for food banks
“Activists are ‘shoplifting’ from supermarket shelves and dumping the proceeds straight into the stores’ food bank bins in a ‘redistributive action’ to protest the cost of living and the climate crisis.
“Xander Cloudsley, 29, a community food co-ordinator and member of This Is Rigged, the campaign group behind the actions, said: ‘In my job, I’ve seen the lived reality of the cost of living crisis […] while corporate giants like Tesco are boasting astonishing profits year in and year out. I’m taking action because this disparity is sickening and profoundly unfair.’
“The protest comes as food bank usage – already prevalent following austerity – has surged alongside spiralling inflation ...
“The top three supermarkets – Tesco, Sainsbury’s and Asda – have taken advantage of increased food costs and doubled their profits to £3.32bn in 2021, up 97% on 2019. Unite’s general secretary Sharon Graham has called this ‘greedflation’ – something supermarket bosses deny ...
“The group’s ‘Robin Hood’ supermarket action was inspired by British farmers who took milk off supermarket shelves in 2015 to protest the low prices they were getting paid for their produce, and by the French energy workers who send cheap electricity to schools, hospitals and working class communities.”
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tciddaemina · 2 months
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i am honestly so exhausted right now. like between following the new blowup over somerton today, a friend of mine having some personal drama they needed to talk through, and like all of the stuff about tumblr opening the door for ai scraping, its like. too much drama for one day. too many things. i am so emotionally drained
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mosseaterr · 4 months
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what if u checked out my track thatd be prettycool huh
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kp777 · 6 months
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By Brett Wilkins
Common Dreams
Nov. 14, 2023
Amid a nationwide wave of labor organizing and victories, U.S. Senate Health, Education, Labor, and Pensions Committee Chair Bernie Sanders on Tuesday held a hearing on the critical role unions play in raising up working families and fighting corporate greed.
"In America today, we have more income and wealth inequality than at any time since the Gilded Age," Sanders (I-Vt.) noted in his prepared remarks. "Today, three people in our country own more wealth than the bottom half of our society—over 165 million Americans."
"Today, while the very richest people in America become much richer, over 60% of our people are living paycheck-to-paycheck and many work for starvation wages and under terrible working conditions," he continued. "Today, while millions of ordinary people are struggling to pay the rent, pay for daycare, and put food on the table, CEOs are making nearly 350 times as much as their average workers."
"While there is much to be concerned about in today's economy, there is also some very good news and that is what brings us to the topic of today's hearing," Sanders asserted.
He continued:
All over this country, we are seeing workers standing up and fighting back against the unprecedented corporate greed taking place in America in a way that we have not seen in decades. This year alone, over 450,000 workers in America have gone on strike for better wages, benefits, and working conditions—up more than 900% compared to just two years ago. Last year, union membership in America increased by 273,000—to a total of 14.3 million workers. Last year, employees in nearly 2,600 worksites in America filed petitions with the National Labor Relations Board to form a union—up more than 50% from two years ago.
"In other words, in America today, more workers want to join unions; more workers are joining unions; and more workers are going out on strike to improve their working conditions than we have seen in a very long time—and many of those unions are winning strong contracts for their workers," Sanders said.
"And what we are seeing is that these historic union victories are not only improving the lives of their members, they are beginning to improve the lives of nonunion workers all over the country," he added.
Speaking at the hearing, United Auto Workers (UAW) president Shawn Fain—who has garnered national attention recently with the "Big Three" strikes—said that "the working class needs this committee, and the entire Congress to step up."
"You all have an essential role to play," he added. "Not only in supporting our fights and other fights like ours. But to finish the job for economic and social justice for the entire working class."
Association of Flight Attendants-CWA president Sara Nelson also spoke at the hearing, as did Teamsters president Sean O'Brien, who was challenged to a fistfight by Sen. Markwayne Mullin (R-Okla.) before Sanders stepped in to stop them.
The hearing came amid a string of recent labor victories, as unions representing autoworkers, medical professionals, and writers and actors are among those that have notched big wins. From Starbucks to strip clubs, workers are also forming or joining unions at rates not seen in decades. Meanwhile, public approval of unions is higher than it's been in the last half-century.
However, just 10% of U.S. workers belong to a union—the lowest rate ever recorded—while last year union membership fell for the second straight year. In contrast, nearly a third of the country's workforce was unionized in the 1950s.
In an interview with The Guardian's Michael Sainato published on Tuesday, Sanders stressed that "we have got to expand union organizing in this country if we're going to save the middle class."
"The American people are sick and tired of corporate greed, of record-breaking profits, outrageous compensation packages for CEOs while workers in many cases are earning starvation wages," he continued. "That dynamic has got to change. I think we've seen real, real progress in the last year."
"What we have got to do in Congress is pass legislation like the PRO Act which allows workers to exercise their constitutional right to form a union," added Sanders, who reintroduced the Richard L. Trumka Protecting the Right to Organize Act earlier this year.
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screenshotnews · 1 year
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trmpt · 1 month
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Robert Reich
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ryandouglasjackson · 1 month
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Breaking down economic myths one fact at a time: Corporate profits hit an all-time high in Q4 2023, challenging common misconceptions about the cause of rising prices. 📈💡
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what-marsha-eats · 1 month
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