From Richard Trumka via EPI <[email protected]>
Subject As Wall Street attacks labor unions, CEO pay is exploding
Date December 13, 2019 7:16 PM
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Together, it’s up to us to advance a policy agenda that lifts up working people.

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Friend,

For over 30 years, the wages of U.S. workers have been largely flat, even while productivity has grown substantially.

This was no accident. Over the last few decades business interests and their allies in government pushed through a series of policy decisions designed to take power away from workers and concentrate even more wealth at the top.

That is why we saw an explosion in CEO pay, growing from 20 to 30 times the average worker’s pay in the 1960s and 70s to nearly 300 times today. This level of inequality has not been seen since just before the Great Depression.

In order to build an economy where working people can support themselves and their families, we need to give workers the right tools to fight for fair wages, benefits, and the safe working conditions they deserve.

As the Chair of EPI’s board of directors, I’m proud to work hand-in-hand with EPI’s economists to advance a progressive economic policy agenda that puts working people first. And that starts with strengthening labor unions.

EPI research has shown that stronger unions mean better pay for all working people―union and nonunion alike.

Donate to EPI today to invest in the research behind our movement for progressive economic change. ([link removed])

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EPI has outlined a comprehensive policy agenda to increase worker power and promote real wage growth, make smart public investments, promote good jobs with benefits, refocus trade agreements to benefit workers not corporations, and provide safeguards against corporate abuses of power.

EPI also understands the need to strengthen workers’ rights to form a union and collectively bargain for better wages and working conditions.

EPI research has repeatedly shown that unions are an essential partner to working people in representing their interests and making sure they have a voice―at work and in the political system. Wall Street understands this dynamic, which is why corporate interests go to great lengths to prevent workers from organizing.

A new EPI report ([link removed]) outlines the outrageous and often illegal tactics employers use to prevent workers from forming a union. Companies spend $340 million annually on “union avoidance” consultants and rely on a combination of illegal conduct and legal coercion to intimidate workers against banding together.

Workers face threats, harassment, and coercion in nearly one-third of all union election campaigns.

One out of every five union election campaigns involves a charge that a worker was illegally fired for union activity.

This is not right.

We cannot let Wall Street win. Together, it’s up to us to stand up for the rights of workers to organize. Together, we must advance a policy agenda that lifts up working people, reins in excessive CEO pay, and invests in U.S. families.

Donate to EPI today to support the research behind our movement for progressive economic change. ([link removed])

Thank you for all that you do to demand an economy that works for everyone, not just the wealthy few.

Richard Trumka
President, AFL-CIO
Chairman, Economic Policy Institute board of directors
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