For Immediate Release November 6, 2018
Washington, DC—Good Jobs First executive director Greg LeRoy made the following statement concerning today’s groundbreaking ceremony in Racine County, Wisconsin for the Foxconn Technology Group’s liquid crystal display factory.
A new Good Jobs First report finds that many large corporations operating in the United States have boosted their profits by forcing employees to work off the clock, cheating them out of required overtime pay and engaging in similar practices that together are known as wage theft
Like every huge megadeal, this would be a very risky ‘too many eggs in one basket’ giveaway that would shift the tax burden onto small businesses and working families while benefiting Amazon shareholders, the vast majority of whom do not reside in Maryland.
The big winners in such a deal would be Virginia and the District of Columbia. They would pay nothing but each would gain a large share of the jobs. West Virginia, Pennsylvania and even Delaware would provide job-takers.
Washington, DC, February 13, 2018—Federal penalties imposed on the largest U.S. companies for all kinds of misconduct fell sharply during the first 12 months of the Trump administration, with combined fines and settlements dropping to a fraction of the levels seen during the Obama Administrations. The Fortune 100 list of the very largest publicly traded U.S. corporations paid $1.1 billion in penalties to federal regulatory agencies and the Justice Department during Trump’s first year, compared to an annual average of more than $17 billion during the Obama years.