Stock buybacks: Driving a high-profit, low-wage economy

By Lenore Palladino

“Stock buybacks by America’s largest public companies have exploded—one financial services firm recently predicted that buybacks would increase by as much as 50 percent this year to $800 billion following passage of the Tax Cuts and Jobs Act—and, over the past 10 years, now total more than half of how companies utilize all corporate profits.”…

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