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.
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
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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 Republican lawmakers are in the pockets of the CEOs and executives of these companies who trust them to prioritize corporate interests rather than the interests of hard-working families.
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