Workers who have for too long dealt with stagnant wages have seen some hope in the aftermath of a historic tax reform law. Yet Sen. Marco Rubio, R-Fla., echoed the concerns of many when he suggested that corporations “bought back shares, a few gave out bonuses; there’s no evidence whatsoever that the money’s been massively poured back into the American worker.”
Fortunately, Rubio misunderstands what stock buybacks and dividend payouts do for the economy—they do not take the place of wage growth, but are a natural byproduct of a healthy and growing economy.
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