Thursday, August 2, 2018
Stock buybacks are starving the rest of us
And that is literally true. Companies are buying back their own stock instead of investing in the employees with better wages. Hence while Wall Street might be doing well it's doing so only for those that own stock in these companies, particularly the upper management who get stock as bonus compensation. The rest of us are in the same diminishing economic boat, with wages actually lower given the cost of living increases. How much of a raise would workers been given had that extra tax money corps got went to them instead? Click on the article to find out how much you're being screwed.