The companies with the most low-wage workers are spending billions on stock buybacks instead of raises

A new report sheds light on exactly where these companies’ priorities lie.

While some Americans have been looking to tighten their belts recently, U.S. corporations have been on a spending spree—but that money hasn’t been going to workers or capital improvements. Instead, the spending has boosted shareholder returns and helped send already sky-high CEO pay soaring even more.