Workers at top 20 US low-wage firms rely on public assistance, report says
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A recent report by the Institute of Policy Studies reveals that many workers at the 20 largest US corporations with the lowest median wages rely on public assistance programs like Medicaid and SNAP. These "Low-Wage 20" companies collectively employ 6.7 million people, with median pay often below the income threshold for Medicaid or SNAP eligibility for a family of three. For example, a significant percentage of Walmart and Amazon employees in certain states are enrolled in these programs. The report highlights that while these companies spent billions on stock buybacks in 2024, median worker pay has declined when adjusted for inflation. The report also notes the large disparity between CEO compensation, averaging $18.9 million, and median worker pay at these corporations.
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