By Nick Hanauer, Pitchfork Economics, April 26, 2022
In 2019, a group of business leaders signed a high-profile pledge promising that they would voluntarily move toward a more inclusive stakeholder-focused version of capitalism. But throughout the pandemic, those same companies reported record profits while workers were left behind. Brookings Institute Senior Fellow Katie Bach walks us through her new report examining the pandemic labor practices of 22 companies, spanning nearly every sector, and employing more than 7 million frontline workers.
Nick Hanauer:
There’s a profound lesson here. Although not a new lesson, it’s a lesson as old as history about self-regulation. That just generally, that’s not a thing.
Katie Bach:
Mm-hmm (affirmative).
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