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If you read the article you would know that labor wage increases are laughably low compared to share buybacks.

Raising salaries 10% would barely even touch cash returns to shareholders



You conveniently ignored the 8% drop in AA stock. Doesn’t matter if that was due to dividend reduction or spooking investors, it’s still a big drop.


And Wal-mart shares rose by 8% in the year after they announced wage increases.

The broader issue is that shareholders have deluded themselves into thinking that they are the end-all-be-all of a company when in fact their contribution is limited.




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