This situation is a direct result of Reagan of making stock buybacks legal again. They were banned during the Great Depression for a reason and this stuff is it. Making buybacks legal again was one of Ronnie Raygun's first acts in office. It is the main cause of wage stagnation.
CEOs with lowest-paid US workers ‘focused on own short-term windfall’ – report
CEOs spending more on stock buybacks than capital investments and employee retirement plan contributions
https://www.theguardian.com/us-news/article/2024/aug/29/ceos-with-lowest-paid-us-workers-focused-on-own-short-term-windfall-report
The Icarian /
npub1xh…jc08a
2024-08-29 20:05:06
Author Public Key
npub1xh8ek6avhcm2lvjqgq5w3tn5fe99ysqa4evsaqejmuqqek6ff06sjjc08aSeen on
wss://relay.noswhere.comPublished at
2024-08-29 20:05:06Event JSON
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