Wage theft is more common than all other kinds of robbery combined. Robbers stole $341M in 2012, employers stole >$1B. But our politicians decided robbery is a serious crime and wage theft is a misdemeanor, usually punished by a fine. inthesetimes.com/article/wage....
"CEO pay has risen nearly 35% since 2019 in absolute terms, while their median worker pay hasn’t even kept up with the U.S. inflation rate. CEOs are in effect getting richer while their workers fall further & further behind. Meanwhile, these firms spent a combined $644 billion on stock buybacks."
"At Lowe’s, every one of their 273,000 employees could’ve gotten an annual $28,456 bonus with the money the retailer blew on stock buybacks. If McDonald’s had spent their buyback outlays on worker bonuses during this period, they could’ve given all their employees an extra $18,338 per year."
"In one survey of likely voters, 89% of Democrats, 77% of independents, and 71% of Republicans said they’d like to see tax hikes on companies that pay their CEOs more than 50 times what they pay their median employees." But McDonald's used tax loopholes to avoid almost $2B in taxes b/w 2009 & 2013.
And we are consistently told the minimum wage needs to remain at poverty levels? Bunkum. Ms Collins can keep clutching her pearls in faux shock as she packs up her office.