Members phkrause Posted October 23, 2022 Members Posted October 23, 2022 CEOs were paid 399 times as much as a typical worker in 2021 https://www.epi.org/publication/ceo-pay-in-2021/? Quote phkrause When the righteous are in authority, the people rejoice; But when a wicked man rules, the people groan. Proverbs 29;2
Members phkrause Posted October 23, 2022 Author Members Posted October 23, 2022 Hearing on "Investing in our Nation’s Transportation Infrastructure and Workers: Why it Matters" While everyone remains concerned about ongoing inflation, EPI remains focused on the fact that current inflation is largely an issue of constrained supply resulting from the ongoing pandemic and Russia’s war against Ukraine. Federal Reserve interest rate hikes were not designed for these kinds of supply-side challenges. This is where fiscal policy must step in with investments that can relieve supply constraints and make the economy more productive (and therefore deflationary), more equitable, and more sustainable in the long run. Here is my recent testimony before the House Transportation and Infrastructure Committee where I discuss the issue. https://www.youtube.com/watch?v=2lVYybg8GDw&t=2788s Quote phkrause When the righteous are in authority, the people rejoice; But when a wicked man rules, the people groan. Proverbs 29;2
Members phkrause Posted October 23, 2022 Author Members Posted October 23, 2022 Bigger corporate profits account for *over half* of the higher prices people are paying. https://twitter.com/RepKatiePorter/status/1582475617723113472?s Quote phkrause When the righteous are in authority, the people rejoice; But when a wicked man rules, the people groan. Proverbs 29;2
Members phkrause Posted October 23, 2022 Author Members Posted October 23, 2022 Corporations are using inflation as cover to raise prices and rake in record profits. But don’t just take our word for it. https://twitter.com/InequalityMedia/status/1583173654753386496? Quote phkrause When the righteous are in authority, the people rejoice; But when a wicked man rules, the people groan. Proverbs 29;2
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