Sure companies are giving out one-time cash bonuses thanks to the new lower tax rates -- but that's mainly because no one wants to commit to higher wages.
Among the many changes in the Tax Cut and Reform Bill of the 2017, the corporate tax rate was reduced from 35% to 21% -- and the hope was that companies would return some of their savings to employees.
And many have - but mostly in the form of one-time bonuses. Companies like Apple (AAPL) - Get Report , Disney (DIS) - Get Report , Comcast (CMCSA) - Get Report and Waste Management (WM) - Get Report have announced bonuses from anywhere $1,000 to $2,500 -- and that's great -
But it's also safe.
Because ideally, we would like to see more companies passing that savings on through actual wage increases.
And banks like JPM (JPM) - Get Report and Wells Fargo (WFC) - Get Report , have done just that ad increased their employees' wages --- as did Starbucks (SBUX) - Get Report , insurance giant Humana (HUM) - Get Report and WalMart (WMT) - Get Report , which employs 1% of America.
But watch this video to find out more companies are not following suit.
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