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Workers at top 20 US low-wage firms rely on public assistance, report says

about 5 hours ago
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Many workers at some of the largest US corporations have no choice but to rely on healthcare and food assistance because of low wages, even as CEO compensation continues to grow, according to a new report released Wednesday.The report, published by the Institute of Policy Studies, focuses on 20 of the S&P 500 corporations that have primarily US-based workforces and report the lowest median wages of the group.Collectively, this “Low-Wage 20” employs 6.7 million people in the US.The median pay at a majority (75%) of the companies is lower than the income minimum for a family of three to be eligible for Medicaid in most states.

At 13 of the companies, median pay was also lower than the Supplemental Nutrition Assistant Program income threshold for a family of three.Nearly a quarter of Walmart employees (29.3%) and half of Amazon workers (48.4%) in the Nevada – which collects Medicaid enrollment numbers among employees at large companies – were on Medicaid in 2024, according to the report.Among the four states that disclose Snap data related to large companies – Colorado, Massachusetts, Illinois, and Michigan – 10,920 Walmart workers and 9,633 Amazon workers were enrolled in Snap in 2024.

The report noted Donald Trump’s “One Big Beautiful Bill” is expected to result in some 7,5 million Americans losing Medicaid and 4 million losing some or all of their Snap benefits after budget cuts,The corporations also spent massive mounts of stock buybacks in 2024, totaling $32,5bn,Lowe’s and Home Depot top the stock buyback list in the report, with Lowe’s spending $46.

6bn on stock buybacks during this period, and Home Depot spending $37.9bn.Had all the companies spent that money to bolster worker pay, the wage of a million workers could have risen from $29,087 to $59,600 – the income level needed to afford the average rent for a two-bedroom apartment in the US, noted the report.Instead, average median pay among the “Low-Wage 20” declined from 2019 to 2024 when adjusted for inflation by 4.6%, from $30,474 to $29,087.

Despite Starbucks offering a 401K matching program, many workers haven’t been able to afford the benefit: 45% of eligible employees had balances of zero in their plan accounts in 2024.That same year, Brian Niccol, the Starbucks CEO, had a compensation of $95.8m, compared to the median pay of $14,674, a ratio of $6,666 to $1.Average CEO pay across the 20 corporations reached $18.9m in 2024, with the average CEO to median worker pay ratio of $899 to $1 at these companies.

The wealth of sixteen billionaires are tied to these 20 companies, including Amazon’s Jeff Bezos, eight members of Walmart’s Walton family and Howard Schultz, the former Starbucks CEO, the report noted.“When corporations can get away with shifting their employees’ basic living costs onto taxpayers, this is a form of corporate welfare,” said Sarah Anderson, director of the Global Economy Project at the Institute for Policy Studies and author of the report, in a statement.“With the federal government slashing spending on anti-poverty programs, it’s even more important that major corporations in the world’s richest country pay their employees a living wage.”A spokesperson for Amazon claimed their pay is among the best in the industry, retail.According to a 2024 report, Amazon employs 79% of the workforce in US warehouses with over 1,000 employees.

“Pointing fingers at Amazon over Snap and/or Medicaid is a red herring when eligibility is based on total household income and size – and not individual wages,” said an Amazon spokesperson in an email.“As we’ve said for years, what really needs to happen is a significant and large increase in the federal minimum wage – that would be a big boost for American families.”Home Depot and Lowe’s did not respond to multiple requests for commentA spokesperson for Walmart said in an email “we offer a ladder of opportunity so people can build a career at Walmart, which includes a small percentage of our workforce that comes to us on public assistance.We hire them, train them and give them the chance to build a better life.”A spokesperson for Starbucks did not comment on the 401k citation but said the company provides benefits like healthcare, equity grants and tuition coverage, noting in an email that employees “stay with Starbucks at far higher rates than the retail average”.

sportSee all
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Burner account or not, Kevin Durant is bitter, petty and entirely relatable

The future Hall of Famer’s behavior over the years has been rash and erratic. But it’s understandable given the scrutiny he finds himself underThey’re calling the posts the “KD Files”. There’s no definitive proof that Kevin Durant is the man behind the X account @gethigher77 (display name: getoffmydickerson), but if he isn’t, somebody has done a phenomenal impersonation. In various screenshots splashed across the internet, getoffmydickerson took shots at Durant’s teammates, as the player himself has done before. There was also creative and amusing trash talk, something Durant has shown a talent for

about 8 hours ago
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Borthwick’s Six Nations spring clean makes a fresher-looking mix but raises questions over logic | Robert Kitson

Will it be the players’ fault if a slightly cobbled together England goes down in Roman flames after a selection that suggests the head coach’s patience snapped?The temperatures are rising, the daffodils are out and, within the England camp, the time has come for a major spring clean. Steve Borthwick has certainly snapped on his marigolds with rare vigour in his bid to banish his side’s February blues, with most areas of his team sheet either hosed down or completely flushed away after the less‑than‑fragrant performance against Ireland.A grand total of 12 changes, three of them positional, is almost approaching Thames Water-levels of murky discharge. Not since the infamous tombola days of the 1960s and 70s, when England’s selectors sometimes called up any old Tom, Dick or Harrovian, has a red rose head coach deviated more strikingly from the strong and stable gospel of devil‑you‑know cohesion.The resultant mix is unquestionably fresher-looking if, in places, slightly eclectic

about 11 hours ago
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Winter Paralympics 2026: who are Australia’s top medal contenders? | Kieran Pender

Following a Winter Olympics of unprecedented success for team Australia, the nation’s para-athletes will be hoping to emulate that golden form when the Milano Cortina Paralympics begin on Friday. Australia has won a medal at every Winter Paralympics since 1992, with the high-point coming at Salt Lake City in 2002 thanks to a record six gold medals.In Italy, Australia will be represented by 12 para-athletes and two guides across four sports, a slight increase on the team size from Beijing 2022. Who are Australia’s medal hopefuls?Already a two-time Summer Paralympics gold medallist, the remarkable Reid will make history as Australia’s first Indigenous Winter Paralympian in the weeks ahead. The Wemba-Wemba and Guring-gai woman started her career as a para-swimmer, competing at the 2012 Games, before switching to track para-cycling

about 13 hours ago
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From the Pocket: AFL’s Final Siren documentary is slick but forgettable

You can’t turn on a television right now without stumbling across a football documentary. The highlight of the current crop is surely Adam Kingsley’s paint peeling spray at half-time of last year’s Sydney derby in the GWS Giants documentary No Holds Barred. It was reminiscent of Leyton Orient’s John Sitton berating his team of hapless, bewildered scrubbers in the 1990s. Unlike the Orient, Kingsley’s Giants responded well to the blast.Of all of them, Amazon Prime’s Final Siren: Inside the AFL had the biggest budget and the most hype

about 14 hours ago
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Dennis Cometti, Australian sports commentary great, dies aged 76

Dennis Cometti, one of the greats of Australian sports commentary, has died at the age of 76.The West Australian became known for his incisive calling, silky voice and sharp wit in front of a microphone over the course of a career spanning 51 years, which included stints with the ABC, Channel 7 and Channel 9.He was most well known for his work on Australian rules football, although he also commentated on other sports, including cricket and the Olympics. His career came to an end in 2021, when he called the AFL grand final for Triple M.Cometti was famous for the witty one-liners he delivered during games, which became affectionately known as Cometti-isms

about 14 hours ago
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NRL 2026: the big questions to be answered over the course of the season | Jack Snape

The 2026 season is one of the most open in years. Defending minor premiers Canberra, ultra-consistent Cronulla, the fast-improving Dolphins and the sleeping giant in Canterbury are all tipped for a run at the top four. Just who will get there is one of many questions only 27 rounds of rugby league can answer.Both heavyweights were undone by the Broncos’ stirring finals run, but each of the NRL’s two modern benchmarks were left disappointed by their 2025 season. The Panthers started slowly and were clearly tested by years of key departures, while the Storm struggled with their defence for most of the season

about 17 hours ago
politicsSee all
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Shadow of Iraq war lies over Westminster as MPs consider US-Israeli attack on Iran

about 22 hours ago
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‘It’s no news just when we wanted some’: bosses react to spring statement

about 23 hours ago
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Reeves’s spring statement? The economy is great, don’t worry about the Middle East

1 day ago
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UK considering sending warship to Cyprus; government to charter flight from Oman ‘in the coming days’– as it happened

1 day ago
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Starmer vows to avoid ‘mistakes of Iraq’ that have haunted Labour for decades

2 days ago
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After failing to win the peace prize, Trump turns his focus to Nobel prize for war | John Crace

2 days ago