Monday, September 1, 2025
What do Starbucks, Home Depot, Walmart, Lowe's and Amazon have in common?
CEOs Are Getting Richer. Everyone Else Is Falling Behind.
The gap between CEO compensation and median worker pay at Starbucks hit 6,666 to 1 last year.In other words, to make as much money as their CEO made in
2024, typical baristas would’ve had to start brewing macchiatos around the time
humans first invented the wheel.
Starbucks is the worst offender, but jaw-dropping gaps are
the norm among America’s leading low-wage corporations. CEOs of the 100 S&P
500 firms with the lowest median wages — a group I call the “Low-Wage 100” —
have enjoyed skyrocketing pay over the past six years.
As a group, these CEOs now earn 632 times more than
their median employees, I found in a new report
for the Institute for Policy Studies. Their pay has risen nearly 35 percent
since 2019 in absolute terms, while their median worker pay hasn’t even kept up
with the U.S. inflation rate.
CEOs are in effect getting richer while their workers fall
further and further behind.
Grocery Chains Are Passing Trump' National Sales Tax on to US Consumers With Higher Prices
Tariffs are hitting grocery shelves while Trump is in denial
Stephen Prager for Common Dreams
As leading grocery chains increase prices on essentials, they are blaming Donald Trump's tariffs for raising the cost of living for households across the country.According to the Consumer Price Index, the price of food has increased by 3% in the past year, with meats, poultry, fish, and eggs getting 5.6% more expensive from June 2024 to June 2025.
In a poll published this month by the Associated
Press and the National Opinion Research Center, 90% of Americans
reported that they considered the cost of groceries a source of stress, with
53% describing it as a "major" source of stress.
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From that radical left-wing magazine Forbes |
Since then, some grocery items at America's largest retailer have
shown 40% hikes that have outraged consumers, fueling calls for a boycott.
On another call, McMillon said, "We've continued to see our costs increase each
week, which we expect will continue into the third and fourth quarters."
"Trump's tariffs are making groceries more expensive," said Accountable.US. "Everyday Americans pay the cost while corporations and the wealthy profit."
Costco's chief financial officer, Gary Millerchip, told shareholders in May that the company "saw inflation as a result of tariffs because we import certain fresh items from Central and South America."
Support for Labor Unions Near Historic High as Trump Trashes Working Class
As Trump and Republican Congress pummel unions, the more people rise in support
Jon Queally for Common Dreams
A new poll reveals that Americans continue to support
organized labor at historic levels, even as the Trump administration and its
Republican allies in Congress take a battering ram to union rights and the
nation's working class.Winning the long, tough strike at Butler Hospital showed
what strong unions can do
Gallup's annual survey, released Thursday, shows more than two-thirds of people in the US (68%) approve of labor unions and the economic security and prosperity they provide working families. The popular support matches record-high numbers of recent years after a long decline from the 1960s through the early 2000s.
As Gallup notes:
When Gallup first measured Americans’ ratings of labor
unions in 1936, 72% approved. Approval reached the record high, 75%, in 1953
and 1957 and ranged between 63% and 73% from 1958 through 1967. Then, from 1972
through 2016, approval was lower, with few readings over 60%, including the 48%
all-time low recorded in 2009. This was the only time approval fell below the
majority level. Since 2017, approval has been above 60%, the longest period at
this level since the 1960s.