I guess I read different news than you. I’ve read that most of the money is going toward stock buybacks. The pressure on wages is coming from a tighter labor market. That’s what I’ve read but I don’t know enough to say one way or the other.
You are correct that there have been stock buybacks, as well. But I'm not sure it counts as "most."
First, of the companies that are doing stock buybacks, not all are doing only stock buybacks. Many are doing other things as well.
Second, there's a whole great big world out there called "local news" where you'll see these stories that aren't covered by CNN, Marketwatch, CNBC, etc...
Yes, some big companies are doing stock buybacks, but there's a lot more going on in the business world than the Fortune 500.
This follows a report by benefits consulting firm Aon Hewitt finding that 83% of large companies don’t expect the tax cut to boost salaries at all — just help pay for small bonuses companies like WalMart WMT, +1.98% and AT&T T, +0.70% gave workers, which reporters soon discovered were, themselves, skewed toward higher-paid, longer-tenured employees in many cases.
However one feels about the issue my point still stands. Th comment that started this thread gave no supporting evidence for the claim and thus deserved to be downvoted.
Also the article we are all nominally commenting on is about Walmart which is a Fortune 500 company. Is its tuition plan because of the Trump tax cuts?
First, of the companies that are doing stock buybacks, not all are doing only stock buybacks. Many are doing other things as well.
Second, there's a whole great big world out there called "local news" where you'll see these stories that aren't covered by CNN, Marketwatch, CNBC, etc...
Yes, some big companies are doing stock buybacks, but there's a lot more going on in the business world than the Fortune 500.