A New Report Compares Corporate Profits With Worker Wages During COVID
The study found that while these companies shelled out $800 billion on stock buybacks, they only spent $27 million on wage raises for workers.
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The study found that while these companies shelled out $800 billion on stock buybacks, they only spent $27 million on wage raises for workers.
With many companies, like Taco Bell and Dollar General, mostly paying less than $15 an hour, workers are demanding a bigger cut of the profits.
Stock buybacks take millions in corporate profit and hand them to the wealthy few. That money could be better placed in the hands of employees, as Starbucks has found.
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