Taxpayers Subsidize Low Wages Paid By Corporate Giants
Call it corporate welfare. The nation’s taxpayers are subsidizing the nation’s largest private employers, notably Walmart and Amazon, who pay their workers so little that millions of their employees are forced to survive by turning to public subsidies, notably food stamps (SNAP) and Medicaid, a new report says.
And that applies to much of the so-called “gig economy,” especially Uber, Lyft, DoorDash and similar delivery services, too, the study adds.
The latest Government Accountability Office (GAO) report, based on data through September 2024—the most recent complete statistics available—also shows a huge rise since the prior study, using then pre-pandemic data in 2020, said Sen. Bernie Sanders, Ind-Vt., who commissioned both reports.