Politics of Poverty
Ideas and analysis from Oxfam America's policy experts
Why are members of the United Automobile Workers (UAW) taking to the street as the latest workers to go on strike this year? Here’s one reason: auto industry profits soared by 92% in ten years, to $250 billion, while worker pay has declined by nearly 20% since 2008.
In the past year, we've seen a vicious backlash against “ESG” (environmental, social, and corporate governance measures meant to hold companies to account). Now, in the wake of midterm elections that left us with a divided Congress, the agency charged with ensuring corporate transparency faces fierce political headwinds.
US companies have resisted the public country-by-country reporting of key financial information that is necessary for adequate tax transparency. Hess and Newmont’s announcements show that US companies are finally catching up with their international peers.