Lowest Paying Corporations Have Spent Half Trillion on Stock Buybacks Since 2019
Large corporations paying their employees the lowest wages among their peers have spent half a trillion dollars on stock buybacks over the past five years as inflation and corporate profits have soared, a new report finds. The Institute for Policy Studies (IPS) found in a report published Thursday that, between 2019 and 2023, the 100 companies in the S&P 500 that pay workers the lowest median…