On this edition of Your Call, we're discussing inflation and the economy.
Corporate profits and CEO pay surged to an all time high this year, while more people than ever are taking second jobs to make ends meet. Corporate profits account for over half of the higher prices people are paying, according to the Economic Policy Institute.
Democrats have implemented policies to help workers, but advocates say they must go further. Republicans plan to make the Trump tax cuts for the wealthy and corporations permanent.
Guests:
Saru Jayaraman, president of One Fair Wage, co-founder of the Restaurant Opportunities Center, director of the Food Labor Research Center at UC Berkeley, and author of four books, including One Fair Wage: Ending All Subminimum Pay in America
Dean Baker, co-founder and senior economist of the Center for Economic and Policy Research, and author of several books, including Rigged: How Globalization and the Rules of the Modern Economy Were Structured to Make the Rich Richer
Web Resources:
The Washington Post: GOP wants to push to extend Trump tax cuts after midterm elections
Economic Policy Institute: CEO pay has skyrocketed 1,460% since 1978
Economic Policy Institute: Corporate profits have contributed disproportionately to inflation. How should policymakers respond?
One Fair Wage: It's a Wage Shortage, not a Worker Shortage
The Washington Post: How the Fed’s rate hikes slow the economy — and impact you
