Equitable Business Policy Guide
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The Federal Reserve recently concluded that the wealth gap in the United States is growing, in part due to the rise of corporate power and climbing profits. At the same time, wages have not been increasing. U.S. businesses are driven by profit, not by the imperative to provide useful services that improve their communities. Power is concentrated in industry and thus most of our economy is now controlled by a handful of corporations. Nearly all Americans (89%) see the 2020 crises as an opportunity for large companies to hit reset and do right by their workers, customers, communities, and the environment.
The below policies would help create more equitable businesses and a more just business culture. They would help ensure that all people in the United States have equal opportunity to benefit from corporate America, whether they are owners, workers, consumers, or borrowers.