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
Each Saturday, a Roosevelt staff member will share 3-5 articles that they consider must-reads. This week, Roosevelt Fellow Rakeen Mabud is reading a WaPo story on how women are transforming organized labor and a New York Times op-ed that shows how “racism eats wealth for breakfast.” Rakeen also shares the latest from The Nation’s Bryce
This blog post is based off of remarks given at “Wall Street and the Next Recession: Protecting Main Street in the Next Economic Downturn,” an event co-sponsored by Americans for Financial Reform and the Center for Popular Democracy at the US Senate. One thing is certain about markets: they go up and they go down.
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,
Recently, The New York Times published a report about women who, while working in physically demanding jobs, lost their pregnancies after requests for less-strenuous assignments were denied. The profile is a tragic example of the steep toll levied on women, and particularly women of color, who face economic and social rules that are rigged against
The Call to Replace Shareholder Primacy: Reshaping Corporate Law to Promote Workers’ Interests, A Better Economy
FOR IMMEDIATE RELEASE: October 4, 2018 CONTACT: Mariam Ahmed, email@example.com THE CALL TO REPLACE SHAREHOLDER PRIMACY: RESHAPING CORPORATE LAW TO PROMOTE WORKERS’ INTERESTS, A BETTER ECONOMY Roosevelt Institute brief calls for decentering shareholders in corporate decision-making NEW YORK, NY – The Roosevelt Institute today released a new issue brief, Towards ‘Accountable Capitalism’: Remaking Corporate
In Left Behind: Snapshots from the 21st Century Labor Market, Roosevelt Program Director Rakeen Mabud and Program Associate Jess Forden explore today’s changing economy and the future of work through the lens of six occupations: carework, food service, manufacturing, mining, nursing, and trucking. Despite a seemingly robust and healthy economy, as indicated by headline measures
Unpacking the ‘Future of Work’: Roosevelt Institute Panel, New Report Highlights Challenges for 21st Century Workers
FOR IMMEDIATE RELEASE: October 3, 2018 CONTACT: Mariam Ahmed, firstname.lastname@example.org UNPACKING THE “FUTURE OF WORK”: ROOSEVELT INSTITUTE PANEL, NEW REPORT HIGHLIGHT CHALLENGES FOR 21ST CENTURY WORKERS New report and speakers from Roosevelt Institute, Economic Security Project, National Women’s Law Center, and Restaurant Opportunities Centers United explore workers’ economic insecurity WASHINGTON, DC – Amid