Tuesday, May 29, 2018

SURPRISE! AMERICAN CEOS WILL NOT HIKE EMPLOYEE WAGES

So, not so many jobs, jobs, jobs.

And now, not so much pay rise either.

As America's largest banks post record profits, massive companies continue their unprecedented stock buyback spree, and already-obscene CEO pay packages are set to rapidly expand in the aftermath of the Trump-GOP tax cuts, top corporate executives are now openly admitting that they have no plans whatsoever to invest their enormous windfall into wage increases for workers.

[source : CEOs Admit They Won't Invest Record Profits in Worker Wage Hikes, https://www.alternet.org/shocker-tax-cuts-hand-ceos-admit-they-wont-invest-record-profits-worker-wage-hikes, 28th May 2018]

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