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dlk

(11,514 posts)

6. Corp. Profits and Tax Cuts Are Used for Stock Buybacks and CEO Compensation-Not Higher Wages

Reply to louis c (Original post)

Sun Nov 5, 2017, 11:49 AM

Nov 2017

U.S. corporations are sitting on record high levels of cash but have not significantly raised wages or benefits as a result. The profits and gains stay at the top, in the form of stock buybacks and executive compensation. Larger tax cuts and profits will not change their behavior but will only reinforce it. That's why unions are vital to restoring balance to the workplace, and why the GOP fights so hard against them. People and corporations don't change until they have to.

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Tax Cuts for Corporations Don't Increase Wages, Unions Do [View all] louis c Nov 2017 OP

The decline in union membership continued mountain grammy Nov 2017 #1

States also make labor law louis c Nov 2017 #2

yes indeed and mountain grammy Nov 2017 #3

Some of it is our rank and file's fault louis c Nov 2017 #4

Oh, I remember the constant battles. mountain grammy Nov 2017 #7

Amen. shockey80 Nov 2017 #5

Corp. Profits and Tax Cuts Are Used for Stock Buybacks and CEO Compensation-Not Higher Wages dlk Nov 2017 #6

GREAT quote RandomAccess Nov 2017 #8

Tax cuts for the rich do not work Gothmog Nov 2017 #9