Corporations have to raise prices due to increased employee costs … no, not you. Those other employees

Corporate profiteers blamed price increases on labor costs — then gave big raises to CEOs Some companies raised prices, blaming rising wages — but actually cut workers' pay, according to new report from article: Amazon, which cited “wage increases” while hiking prices on Prime memberships, gave new CEO Andy Jassy a $212 million compensation package, which includes stock options that vest over 10 years, a nearly sixfold increase from his previous pay as the head of Amazon's AWS cloud computing arm, while the median Amazon worker earned $32,855 in 2021. Apple, which cited growing labor costs as one of the reasons it raised prices on new models of the iPhone, increased CEO Tim Cook's pay by 568%, to $98.7 million, and increased its CEO pay gap by 464%, to a ratio of 1,447 to 1. Verizon complained to investors about “labor rates” while looking to hike prices and “pass-through” costs…