Companies are under pressure to use tax savings for pay raises — and that’s bad news for 2 key industries
|01/28/2018||Posted by BusinessMediaguide.Com under General World News||
- Companies are starting to use tax savings to pay workers more, and the industries that already pay the highest wages will see stock prices suffer, Goldman Sachs says.
- American Airlines, AT&T, Boeing, Comcast, Visa, and, most recently, JPMorgan have already announced pay hikes or bonuses.
Now that corporations are paying less in taxes, there’s a growing expectation that they’ll pay their workers more.
Since the passage of Republicans’ new tax law, many companies have wasted no time in sweetening the pot for employees. American Airlines, AT&T, Boeing, Comcast, Visa, and, most recently, JPMorgan have announced plans to read more >>>