The 100 Largest Low-Wage Employers Have Spent $341 Billion on Stock Buybacks Since 2020
A new report reveals how stock buybacks have inflated CEO paychecks and widened pay gaps at the 100 largest low-wage corporations.
My mother’s father was a North Dakota postal employee, so on Christmas Eve, she never knew when he would get home. He was determined to keep working, my mom would tell us, “until every Christmas package that could be delivered would be delivered.” He started working for the Postal Service in 1911, and family lore has it that he sometimes had to trudge through the snow on horseback to deliver the mail.
As in my grandfather’s day, today’s postal workers have a mandate to provide universal service, delivering mail and packages to every American household at uniform rates, no matter where they live. That mandate has helped bind our vast nation.
This principle of affordable universal service is under threat. This year, the White House Office of Management and Budget recommended selling the public Postal Service to a private, for-profit corporation.
Read the full article at The New York Times.
by Sarah Anderson
A new report reveals how stock buybacks have inflated CEO paychecks and widened pay gaps at the 100 largest low-wage corporations.
by Sarah Anderson
New fact sheets by the Poor People’s Campaign and the Institute for Policy Studies reveal disturbing data on systemic racism, poverty and inequality, ecological devastation, and militarism in every U.S. state.
by Sarah Anderson
Let's raise the contribution cap, get rid of tax preferences for gilded CEO retirement accounts, and use the extra revenue to expand retirement benefits.
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