Detailed text transcripts for TV channel - MSNBC - 20180813:13:42:00
Politics. small wage gains by u.s. workers are being wiped out by cost of living increases. inflation is up 2.9% from july 2017 to july 2018. outpacing the 2.7% increase in wages during the same period. meanwhile, u.s. companies are on track to reach or exceed $1 trillion in stock buybacks this year alone, with many crediting the $1.5 trillion tax cut. so instead of the promised higher wages and massive investments, companies are flush with cash and putting that money towards record buybacks which of course boost the price of their own stock which helps shareholders. and many, many companies h...
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