The Icarian on Nostr: This situation is a direct result of Reagan of making stock buybacks legal again. ...
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
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