By Anora Mahmudova
“Large U.S. corporations spent more than $2 trillion buying back their own shares from 2009 through the end of last year.
That is money that didn’t go into the economy in the form of rising wages or investment in innovation or the creation of new jobs. Indeed, stagnant paychecks are one consequence of the rising tide of corporate buybacks, according to William Lazonick, professor of economics at the University of Massachusetts Lowell.”…
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