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Friend,
Over the last four years, CEO pay at the Big Three automakers rose 40% compared to the UAW autoworkers’ 6% increases. Thanks to this fall’s incredible strike, these workers will now receive 25% increases over the next four years, but others aren’t as lucky.
FORTUNE
You’d need to work 5 lifetimes just to make your boss’s annual salary, report says
August 4, 2023
Currently, there is no requirement for publicly traded companies to disclose the pay disparities occurring in their workplaces. Over the last 50 years, CEO pay has gone from 21 times a typical worker's pay to 344 times a typical worker's pay.
The Greater Accountability in Pay Act would change that. This act would require publicly traded companies to disclose not only the pay of their executive team but also the pay raise percentages of employees at all levels of the company compared to the rate of inflation.
When companies continue to post record profits while short-changing workers, we know something needs to change.
But, currently, this bill is stalled. It has no chance of being voted into law during this Congress because the CEOs and Executives of these companies are in the pockets of Republican lawmakers whom they’ve trusted year after year to prioritize corporate interests rather than the interests of hard-working families.
THE INTERCEPT
UPS CEO's Political Donations Boost Anti-Union Republicans
July 14, 2023
This is one of the many reasons why we need to make sure Democrats win back the House in 2024. [[link removed]]
WIN BACK THE HOUSE
To pass any legislation that holds greedy corporate executives accountable, we need a party in charge that puts the needs of working families first. And we all know the current majority isn’t that party. [[link removed]]
To get greater accountability in pay, to ensure workers and their unions are protected, and to create a better future for our working families, we must come together to ensure Democrats take back the House in 2024. [[link removed]]
Nydia
Paid for by Committee to Re-Elect Nydia M. Velázquez to Congress
Committee to Re-Elect Nydia M. Velázquez to Congress
315 Inspiration Lane
Gaithersburg, MD 20878
United States
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