In response to strikes and union organizing drives, corporate leaders routinely insist that they simply lack the wherewithal to raise employee pay. And yet top executives seem to have little trouble finding resources for enriching themselves and wealthy shareholders. In 2021 and 2022, S&P 500 corporations spent record sums on stock buybacks, a maneuver that More
The post The 100 Largest Low-Wage Employers Have Spent $341 Billion on Stock Buybacks Since 2020 appeared first on CounterPunch.org.
This content originally appeared on CounterPunch.org and was authored by Sarah Anderson.
Sarah Anderson | Radio Free (2023-08-25T05:37:51+00:00) The 100 Largest Low-Wage Employers Have Spent $341 Billion on Stock Buybacks Since 2020. Retrieved from https://www.radiofree.org/2023/08/25/the-100-largest-low-wage-employers-have-spent-341-billion-on-stock-buybacks-since-2020/
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