A quarter of private sector workers are employed in companies that contract with the federal government. Congress recently passed three bills totaling over $1.6 trillion in public investment. Much of that investment will flow through for-profit corporations. It’s essential that these taxpayer dollars support workers and their communities and is not siphoned off by corporate CEOs and Wall Street.
The Biden Administration has already taken critical steps to ensure public funds further the public good, including: 1) requiring federal contractors to adopt a $15 minimum wage and requiring project labor agreements for large construction projects; 2) launching the Justice40 Initiative with the goal that 40% of the overall benefits of certain federal investments flow to disadvantaged communities; and 3) leading the passage of the Infrastructure Investment and Jobs Act, the CHIPS and Science Act, and the Inflation Reduction Act.
However, there is more the administration can do. The next two years provide a critical opportunity to catalyze public investments to move us away from a financialized economy rife with overpaid Wall Street executives and CEOs and underpaid workers and toward an equitable, racially just, and sustainable economy. Join us in this discussion.
Featuring Congresswoman Pramila Jayapal as the keynote speaker, other speakers will include:
Moderated by Natalia Renta, Senior Policy Counsel for Corporate Governance and Power, here at the Education Fund arm of Americans for Financial Reform.
RSVP now to attend the virtual discussion and find out how you can help us fight Wall Street and win an economy that works for all of us.