Washington, D.C.’s biggest lobbying firms are posting record revenues as Americans feel the heat from falling wages, The Hill reported Friday.
The 20 largest lobbying firms in the country collectively brought in over $150 million between January and March as Congress considered spending legislation, foreign aid bills and new tax laws, according to The Hill. American workers, meanwhile, saw their median inflation-adjusted wage fall from $371 in the third quarter of 2023 to $365 a week in the first quarter of 2024, according to the U.S. Bureau of Labor Statistics (BLS).
The median wage as of the first quarter of 2024 is lower than it was at the beginning of the COVID-19 pandemic, BLS data shows.
Brownstein, which was the largest lobbying firm by revenue in the U.S. in 2023, made a record $16.2 million lobbying in the first quarter of 2024, according to The Hill. Akin Gump, the…
