Between 2019 and 2023, the 100 lowest-wage companies in the S&P 500 executed $522 billion in stock buybacks, prioritizing shareholders over employee compensation.
The spending on stock buybacks by low-wage companies, such as Lowe's and Walmart, reflects corporate priorities that favor executive pay over fair wages for workers.
Lowe's, earning 43 billion in buybacks while paying a median worker salary of $32,626, underscores the disparity in compensation between employees and executives.
As corporations raise prices amid economic instability, stock buybacks are at record highs, indicating a shift of focus from employee welfare to shareholder profits.
[
Collection
]
[
|
...
]