Corporate profits, as a percent of GDP, have doubled in the past 40 years. But where’s that money going? Not to hiring, paying higher wages or investing in equipment. Corporations are instead using their profits to further reward shareholders. And that strategy, argues billionaire investor Nick Hanauer, is killing America’s economic growth.
Could increasing the percentage of women on corporate boards have a trickle-down effect on the workforce? That’s not the case when quotas, and later sanctions, are used to force businesses to invite more women to the boardroom. Continue reading