Corporate America v. Wade 🥊
Politics and the economy go hand in hand, especially when it comes to Corporate America. With the American political climate being as toxic as ever, we’ve seen some big battles between politicians and companies, as companies hold leverage over politicians. A company exodus would cripple local economies, which would hurt states and the nation. One of these spats was the fiasco between Florida and Disney, where Disney spoke out about a controversial “Don’t Say Gay” bill passed by the state.
A local, but a groundbreaking national decision was revealed in a Supreme Court leak that will cause major backlash. The Supreme Court has drafted documents to overrule the Roe v. Wade decision that legalized abortion in the United States about 50 years ago. Abortion has become a major political battleground in the past few years, and some red states around the US have moved forward with anti-abortion bills already. In response to these state-wide bills, companies like Amazon, Apple, and Bumble offered to reimburse travel costs for their employees if they needed to receive abortion care, and Salesforce offered to move employees out of these states if necessary.
With this Roe v. Wade decision sparking nationwide protest, it’ll be interesting to see how corporations respond to this. The bill will affect the whole nation, so it’s highly likely that companies across the country will lock together to protect their employees from something that they want to protest against. More importantly, this decision by the Supreme Court was a leak and nothing is final, which means Corporate America can attempt to influence the decision in whatever way they look to.
I am not a financial advisor and my comments should never be taken as financial advice. Investments come with risk, so always do your research and analysis beforehand.
Originally published at https://invstr.com on May 4, 2022.