Low-Wage Employers Spent $341.2 Billion on Stock Buybacks Since 2020

Firms spent billions to enrich investors and executives as workers could barely afford rent for a one-bedroom apartment.

The median worker at Lowe’s, the home improvement retailer, made just over $29,580 last year — not enough to comfortably afford a modest one-bedroom rental home in the United States. But the company was hardly cash-strapped in 2022. According to a report released Thursday by the Institute for Policy Studies (IPS), Lowe’s spent more than $14 billion on stock buybacks that year…

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Jake Johnson | radiofree.asia (2024-05-12T14:09:09+00:00) » Low-Wage Employers Spent $341.2 Billion on Stock Buybacks Since 2020. Retrieved from https://radiofree.asia/2023/08/24/low-wage-employers-spent-341-2-billion-on-stock-buybacks-since-2020/.
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" » Low-Wage Employers Spent $341.2 Billion on Stock Buybacks Since 2020." Jake Johnson | radiofree.asia [Online]. Available: https://radiofree.asia/2023/08/24/low-wage-employers-spent-341-2-billion-on-stock-buybacks-since-2020/. [Accessed: 2024-05-12T14:09:09+00:00]
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» Low-Wage Employers Spent $341.2 Billion on Stock Buybacks Since 2020 | Jake Johnson | radiofree.asia | https://radiofree.asia/2023/08/24/low-wage-employers-spent-341-2-billion-on-stock-buybacks-since-2020/ | 2024-05-12T14:09:09+00:00
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