Now that you link stock buybavks to growing salaries, I cannot ignore it anymore.
Stock buybacks only benefit shareholders and companies, not the economie. Trickle down and all that doesn't work, stock buybacks reduce a companies tax burden, especially when leveraged which they often are, do not lead to more investment. And they make the rich even richer.
Stock buybacks only benefit shareholders and companies, not the economie. Trickle down and all that doesn't work, stock buybacks reduce a companies tax burden, especially when leveraged which they often are, do not lead to more investment. And they make the rich even richer.
See, for example, here:
https://hbr.org/2020/01/why-stock-buybacks-are-dangerous-for...
And salaries rise, primarily, through labour organization and collective bargaining.