It's troubling to me when I see--not to vilify CEOs of publicly traded companies, but, for instance, publicly traded fast-food restaurants have gone up in compensation by almost 1,000 percent since the 1970s, while workers wages have raised about 11 percent but their productivity has gone up 70 percent.
DeSaulnier highlights wage disparity between CEOs and workers over decades.
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When ERISA was enacted in 1974, Congress made its intent clear. The law's primary purpose is to 'protect the interest of participants in employee benefit plans, and their beneficiaries.'
Certainly, this is a good hearing, and I think it has exposed some of the challenges, and as someone who does not believe throwing money without accountability, particularly on things that risk Americans' lives, and their families'…
I do not agree with that, Mr. Chairman. As a former small business person, I believe in efficiency.
These actions aim to prevent employers... from infringing on workers' rights without repercussions.
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