Prospect Weekend Reads Week of June 3rd Stories from the week you don’t want to miss!
ILLUSTRATION BY JAN BUCHCZIK
The Age of Recoupment: To kick off our June 2024 print issue with
Groundwork Collaborative, David Dayen and Lindsay Owensexplain how corporations have shifted from ruthless cost-cutting to price gouging to raise profits at the expense of the public. The Congressional Progressive Caucus Agenda for 2025: Congressional Progressive Caucus chair Rep. Pramila Jayapal outlines their agenda for 2025 in a potential second Biden administration.
Loaded Up With Junk: Businesses in virtually every industry charge customers deceptive and unnecessary junk fees to capture larger profits. For
our June 2024 print issue, Hassan Ali Kanu reports on just how widespread the problem is and what regulators can do about it. Elon Musk Wants $50 Billion or He'll Walk: Next week, Tesla shareholders will vote on whether to grant Elon Musk a bonus worth roughly $50 billion. As Harold Meyerson explains, this is the first time in history that the proposed pay level of a single person has been so large that it’s a macroeconomic issue.
The Urge to Surge: Uber's strategy of hiking prices to exploit consumers is now common practice for businesses across sectors. For our June 2024 print issue, Sarah Jaffe wrote about surge pricing and its effects on the precarity of work.
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