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AFL-CIO Now

Showing blog posts tagged with corporate greed

'Taxi Drivers Unite!'

'Taxi Drivers Unite!'

Yesterday, 40 members of the National Taxi Workers Alliance (NTWA) and taxi workers from San Francisco, Chicago, Boston and Philadelphia cheered, chanted and waved signs outside the Midtown Operating Corp. garage in Long Island City, N.Y. Their messages: “Lower the Lease!” and “Stop the Greed!” In the midst of the drivers were AFL-CIO President Richard Trumka and NTWA Executive Director Bhairavi Desai, who hollered into the bullhorn, “We’re your union! Taxi drivers unite!” The NTWA has held 50 such marches in the past four months to protest crippling fees that guarantee profits for owners of taxicabs and medallions and a tough existence for drivers.

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New Today: CEO Pay and the 99%

New Today: CEO Pay and the 99%

Moments ago, we launched the 2012 AFL-CIO Executive PayWatch site—now called CEO Pay and the 99% —which includes the most comprehensive data accessible on 2011 executive pay. All of the data available is searchable by industry, by state and by the top 100 highest-paid CEOs.

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Report: Boehner’s ‘Territorial Tax’ Scheme Would Cost More Jobs

Even as millions of U.S. workers can’t find a job and corporate profits are through the roof, House Speaker John Boehner has proposed a change in the tax system that will shrink the job pool even more. Boehner’s suggestion to exempt U.S corporations from paying taxes on offshore profits would give companies even more incentive to move jobs overseas, according to a new report.

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Too Much Money Can Make the Boss Mean

Here’s another reason to do away with runaway CEO pay.  A study shows bloated CEO pay can make the boss mean.

The study examined the corporate behavior of 261 companies and found a close correlation between pay inequality and poor treatment of workers. In companies where CEOs made much more than their average workers, the companies were more likely to underfund pensions or cut corners on health and safety. Often, according to the study, the bosses engaged in a cost-benefit analysis, calculating that a fine would be a cost of doing business, compared with the profits they could make.

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Sign the petition to raise the minimum wage

It’s been four years since low-wage workers got a raise. Sign the petition to tell Congress it’s time to raise the minimum wage.

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