Saru Jayaraman tried. As far back as January, the president of low-pay campaign group One Fair Wage recalls telling Democratic leaders in Washington DC that voters were worried about the cost of living.
How exactly do you make raising profit margins illegal? You can do it for natural disasters and such, but companies raising prices when the market allows is just what all companies do all the time.
The government is capable of addressing these issues, but not by making profiteering illegal. They need to break up monopolies, vertical integration, and certain trade associations. They also need to address short term performance pay for CEOs. Any performance pay should be tied to company performance over at least the next ten years, not this quarter.
How exactly do you make raising profit margins illegal? You can do it for natural disasters and such, but companies raising prices when the market allows is just what all companies do all the time.
The government is capable of addressing these issues, but not by making profiteering illegal. They need to break up monopolies, vertical integration, and certain trade associations. They also need to address short term performance pay for CEOs. Any performance pay should be tied to company performance over at least the next ten years, not this quarter.