Also posted at the Institute for Agriculture & Trade Policy website. The Democratic primary debate on Thursday night was probably the first time that soil management—as climate policy—was ever mentioned at a primetime presidential campaign event. It was also one of the first tangible mentions of farm policy in two nights of debates. “Carbon farming”—building
Behind the Numbers: Today’s Unemployment Numbers are Good News on the Economy … and Bad News on Economic Policy
On Friday, the Bureau of Labor Statistics (BLS) released the unemployment figures for May. As expected, the reported unemployment rate was very low—3.6 percent, the same as last month. Combined with the steady growth in employment over the past few years, this level of unemployment—not seen since the 1960s—suggests an exceptionally strong labor market by historical
Tomorrow at Walmart’s shareholders’ meeting in Bentonville, Arkansas, Walmart workers will call out America’s broken corporate governance system and propose that Walmart workers be included on its board of directors. Walmart associate Cat Davis will be joined by Senator Bernie Sanders (I-VT), who will speak on behalf of workers’ right to participate in corporate decision-making.
Economic inequality is on the rise. Corporate “shareholder primacy” means that the vast majority of today’s record corporate profits are used to increase the wealth of shareholders, through dividends and stock buybacks. Meanwhile, real wages for non-executive workers have essentially remained stagnant for decades. Increasing worker bargaining power in the 21st century is necessary, and
Workers are increasingly powerless in today’s economy. The decades-long assault on the voice and agency of American workers continues to erode their position under employers: Declining unionization rates, the proliferation of noncompete and arbitration clauses, and outsized employer power plague labor markets today. Additionally, an increasingly fissured workplace is yet one more challenge our most
Every year during Women’s History Month, we celebrate the strides that women have made throughout history. In the fight for dignity and equity on the job, the government played a crucial—albeit imperfect—role in ensuring that women today are better off than their sisters of past generations. Yet, workplace equality remains out of reach for many.
For nearly half of a century, America’s public corporations have been driven by a shareholder primacy approach to corporate governance, increasingly prioritizing shareholder payments over other, more productive uses of corporate resources. Over the same period, employee bargaining power has decreased and wages for nonexecutive workers have remained flat across sectors. In Ending Shareholder Primacy in Corporate Governance,
Roosevelt Senior Economist Explores Corporate Prosperity and the Decline of Employee Bargaining Power
FOR IMMEDIATE RELEASE: February 14, 2019 CONTACT: Ariela Weinberger, firstname.lastname@example.org Roosevelt Senior Economist Explores Corporate Prosperity and the Decline of Employee Bargaining Power Research finds that the rise of shareholder primacy has contributed to America’s high-profit, low-wage economy NEW YORK, NY – Today, the Roosevelt Institute, a New York-based think tank that promotes
At its December meeting, the Federal Reserve raised its benchmark interest rate a quarter point. The move, while widely expected, represented a clear rebuke to President Trump, who has repeatedly urged the Fed to keep rates low. He took to Twitter after the move to attack Fed head Jerome Powell as a golfer who has
Rewriting the Rules to Take Aim at Stock Buybacks and Force Companies to Invest in Their Workers: The STOP Walmart Act
Today, Senator Bernie Sanders (I-VT) and Congressman Ro Khanna (D-CA) introduced the STOP Walmart Act, which prohibits large companies from engaging in stock buybacks unless they make serious investments in their workers. While the act takes aim at Walmart, the country’s largest private employer, it highlights the theme of my work: that excessive giveaways to