The corporations also spent massive mounts of stock buybacks in 2024, totaling $32.5bn...Had all the companies spent that money to bolster worker pay, the wage of a million workers could have risen from $29,087 to $59,600—the income level needed to afford the average rent for a two-bedroom apartment
Workers at top 20 US low-wage firms rely on public assistance, report saysExclusive: study finds workers at 20 S&P 500 firms rely on Medicaid and Snap as CEO pay and buybacks soarwww.theguardian.com