Underwriting Executive Excess - $20BB+ Yearly in Govt Purchases As found in an earlier study, “Underwriting Bad Jobs: How Our Tax Dollars Are Funding Low-Wage Work and Fueling Inequality,” our federal government is awarding contracts to companies that fail to pay nearly 560,000 people enough to meet basic needs. As Congress and the President consider how to address the troubling rise of low-paid work across our economy, increased attention is being paid to the poor working standards of companies that our government itself does business with, which have ignited multiple strikes by workers employed by concessionaires in federal buildings. Calls for a raise are often met with the objection that employers cannot afford the higher labor costs and will pass them on to customers—in this case, taxpayers. A recent Government Accountability Office (GAO) study offers new figures revealing how much taxpayers are already paying for contractor labor costs—except that we are bankrolling the paychecks of already-wealthy executives instead of supporting more livable wages for American workers struggling to get by. demos.org/publication/underwriting-executive-excess-0
Posted on: Sun, 06 Oct 2013 22:25:12 +0000
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