Tax-cut riches have gone to execs and investors over workers by nearly three-to-one margin
April 17, 2018 at 10:48 AM EDT
Employers appear to be using proceeds from corporate tax cuts to continue the practice of rewarding shareholders and executives over workers. In the first quarter of 2018, corporate America dedicated $305 billion to stock buybacks and cash takeovers compared to $131 billion in pre-tax wage growth, according to market and economic data firm TrimTabs.