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Singapore Airlines is going to pay its staff a bonus equivalent to 8 MONTHS OF SALARY. The airline made a record profit of $2 billion.
On the other hand, McDonald's and Walmart shareholders are some of the richest ones out there... but their employees are the poorest. 🤔
Moves like this will make it so large corporations around the world have a harder time finding talent if they don't want to pay for it.
In the US, when companies earn profits, CEOs celebrate with more yachts.
When there are losses, employees face the consequences when they are laid off.
Instead of paying employees more or saving for recessionary periods, US corporations choose to distribute wealth to shareholders by buying back shares when they have a large cash balance.