CEOs with lowest-paid US workers ‘focused on own short-term windfall’

[Hume]

Between 2019 to 2023, the 100 largest low-wage employers in the US, the 100 corporations in the S&P 500 with the lowest median worker pay, spent $522bn on stock buybacks. Lowe’s and Home Depot spent the most on stock buybacks, with Lowe’s spending $42.6bn during this period and Home Depot spending $37.2bn.

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

www.theguardian.com

 

[Hawkeye10]

If over half the fortune 500 are zombie companies as I have told then this makes some sense.

Also notice that Warren Buffet continues to accumulate cash....he sees the crash that is coming.

 

[T. A. Gardner]

Between 2019 to 2023, the 100 largest low-wage employers in the US, the 100 corporations in the S&P 500 with the lowest median worker pay, spent $522bn on stock buybacks. Lowe’s and Home Depot spent the most on stock buybacks, with Lowe’s spending $42.6bn during this period and Home Depot spending $37.2bn.

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

www.theguardian.com

Neither Lowe's nor Home Depot pay the least to their employees. Sure, their unskilled staff get low wages but the ones that have trade knowledge or work in specialized jobs like their Pro Desk are paid much better.

Companies that do pay the lowest (large ones) are in fast food like Burger Thing... err, King, Micky D's, or Starbucks. Outside of that, it's retailers like Wally World (Walmart) and Target.

Of course, Hume got his, her, its, information off the extremist, radical, Leftist website Truthout where everything is quite literally cherry-picked propaganda...

Where companies like the ones Hume mentioned don't pay well is for their unskilled labor, same as every other corporation does. Stockers, warehouse workers, cashiers, and the like are uniformly low paid because their jobs don't require much if any skills. Such companies also tend to hire parttime to avoid various federal labor laws that would onerously penalize them if their workers were full time employees.