I came across an article saying that 66 percent of low-wage workers were employed not by small businesses but by large corporations — corporations that have employees that make over $9 million a year.
The worst part is that just about every one of the 66 percent of low-wage employees will probably never reach the plateau that the multi-millionaire crowd has. No smoking jackets, no diamond-encrusted Rolex’s, nothing.
“The 50 largest employers of low‐wage workers have largely recovered from the recession and most are in strong financial positions: 92 percent were profitable last year; 78 percent have been profitable for the last three years; 75 percent have higher revenues now than before the recession; 73 percent have higher cash holdings; and 63 percent have higher operating margins(a measure of profitability).
$174.8 billion to shareholders in dividends or share buybacks over the past five years.”
And if you take a look at the companies who run the show, you will be hard pressed to find a place you haven’t ever visited before: