Opinion | A new report found that 22 major corporations spent more on stock buybacks than raising worker wages during the pandemic (by paulconstant)
Those underpaid workers, meanwhile, are generating a tremendous amount of wealth for the 22 companies. Bach said their labor contributed to the $1.5 trillion in increased share value that these companies reported from January 2020 to October 2021.
Worker pay also did go up in 2021 — Bach said seven million workers at these 22 companies got $27 billion in raises and bonuses over the course of the year.
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