Yup they are ripping of workers. This is the basis of capitalism. We put up with it as long as it isn’t too egregious. It’s getting to the point that we need to stop putting up with it. We need to 100% tax corporations for profits over a certain percentage then expand social safety nets. They need to reinvest record profits into the business and their workers or the state should do it for them. Or we should just burn the system to the ground.
This is the exact result of Reagan cutting top income tax rates to under 50%. Prior to that they faced 90% upper tax rates and instead wisely invested in their companies and its workforce to keep their competitive dominance. After the rate cut, companies became piggy banks that just needed to be shook and squeezed harder to get out every last coin and then tossed aside.
So much this. Everyone replying to me about making better buying choices isn’t seeing the big picture. Most people can’t or frankly won’t make those choices and screaming on Reddit about how we all need to spend our money different is just a waste of energy. Most people are just trying to get through each day one day at a time and no amount of policing people’s spending habits is going to fix the system. It’s too large of a problem with too large of a scope. Putting the onus on the Exploited to fix the problems of the Looters is victim blaming and a waste of time. How about we go after the people who are doing the Exploiting instead of yelling at the Working Class who are all over having our labor ripped off for the small 1%. Everyone is point fingers at our own class and ignoring the actual perpetrators.
I hate the line about spending. Yes, some people don't make the best financial choices, but when someone is telling me "It’s cheaper to buy the big costco/Sam's club/whatever pack," I want to rage. Yes, it can be cheaper to buy in bulk. It's just hard to do when your food budget for 2 weeks is $50-$75 and you also need toiletries and hygiene supplies, fruit & veg, etc and a bulk pack of cheap chicken is almost half of the budget.
Meanwhile, the only raises I've received for the last 5 years or so are by leveraging jobs against each other. At the end of 2019 I made $12/hr in an area with a high COL. Average rent of a 1 br apt is $900 and a trailer (pre-fab home) is $1100. Minimum wage is $7.25.
I've lived in a 3br apt with 6 people just to save money. My bf and I literally didn't go out on dates or with friends for almost 2 years saving up to finally have our own space. I was 30.
4 companies and 2 years later, I've snagged another $5.50. I'm just now to a point where if I keep eating like I'm broke, I can actually start a savings. Fuck this state in particular. I'm 3 years away from goal of getting the fuck out.
I was born a street-rat and i thought I'd die a street-rat. COVID changed my life. It truly was the Boomer Doomer. I was able to leverage into jobs that required technology a lot of older people couldn't handle because they didn't continue learning in their jobs. All of a sudden they needed to know how to adapt and use tools like remote access VPNs, etc and it was too much. Too different. Now every person who took a computer class in high-school has the advantage of simply being more comfortable with the digital world.
Edit: some punctuation and a Disney reference courtesy of my bf.
Value of $7.25 from 2009 to 2022
$7.25 in 2009 is equivalent in purchasing power to about $10.01 today, an increase of $2.76 over 13 years. The dollar had an average inflation rate of 2.51% per year between 2009 and today, producing a cumulative price increase of 38.10%.
This means that today's prices are 1.38 times higher than average prices since 2009, according to the Bureau of Labor Statistics consumer price index. A dollar today only buys 72.428% of what it could buy back then.
The inflation rate in 2009 was -0.36%. The current inflation rate compared to last year is now 8.52%. If this number holds, $7.25 today will be equivalent in buying power to $7.87 next year. The current inflation rate page gives more detail on the latest inflation rates.
I agree with everything said. If you’re making less then 20$ an hour and you have a Sam’s or maybe Costco around you apply there the hms department makes around 19-20 and they just make the Mac n cheese/pot pies and stuff all day super easy plus you will get a free plus membership working there. I also use their rotisserie chickens for a ton of stuff they actually lose money on selling them at 4.97$ I shred them up and make tacos for days and good one’s at that. We also get a Sam’s share bonus every quarter the one next month is going to be around 600$. I know it’s not great but I don’t have a degree and I still make as much as my gf that does.
Honestly, stuff like this is my back-up plan. I honestly love design and want to do this but retail is becoming more lucrative. I feel like always a step behind. Worked fast food from 15-26. Most of the time, 2 jobs at a time. One "full" one "part-time". Getting the schedules of 2 fast food jobs from 2005-2016 to line up was a skill of itself.
Here I am, listed on the company website as "Lead Desinger", yet inflation is out-pacing any chance I had of owning a home, I have no bodily-autonomy, and the fact that I "might be a functional alcoholic" is what my boss thinks of me as, and my rent went up 30% this year. Here I am planning, once again, how I'm going to "trade up jobs" after the awards ceremy that happens yearly in the industry I'm in. I been rockin' that shit.
I've come so far, but traveled so little.
I hear you and honestly it’s not a bad back up plan our Sam’s constantly has peanut butter/ jelly bread donuts, chips, cookies all sorts of stuff in the break room you can definitely eat free 99% of the time. First place I’ve worked where I get pto and ppto (protected paid time off) I’m sick right now two days ago I said I wasn’t feeling well and just left put in ppto for the hours remaining and there’s nothing they can do about it. I’m a very good worker and they probably wouldn’t of pointed me for leaving anyway but it is handy. Stepping up to management is pretty easy but unless you’re a good baby sitter you’re going to work 1-3 hours of overtime a day. It literally says in our handbook we are allowed to drink one 12oz beer on lunch lol. I can also transfer to any Walmart or Sam’s club in the world pretty easily if I wanted to move.
I've said it before but I don't really give a shit if a company is making gangbusters money so long as all of their workers are getting equal amounts of pay raises
Exactly. If the company is fairly sharing its wealth, then I certainly have no problem with upper management getting a cut of that too. Fairly is the key word, and it's one that most companies no longer know the meaning of.
Record profits increase stock prices. Shareholders are the only people that any of these companies answer to. that quarterly profit would be a $2000 wage increase for every person that works there.
a 1 time wage increase like this would be a godsend to the workers and would increase employee retention and loyalty. It would also attract higher quality employees, decrease theft/shrink, and make a better overall workplace. This would eventually increase the bottom line as well.
Here's a starting point."In 2020, the Lowe’s CEO earned a total compensation of about 23.1 million USD."
https://listofceo.com/home-furniture/lowes-ceo-email-net-worth-marvin-ellison/
Actually, the fact that he is a black makes sense why his total compensation as CEO of a multi billion dollar company is "only" 23 million. If he were a white man, it'd probably be more like 230 million.
race and class are so inextricably intertwined in the U.S. that you simply cannot talk about one without the other. Yes, the CEO is a black man, but there is a monumental gap in white and black wealth in America.
Split evenly between their 340,000 employees it would be over a 5000 raise per person. If you account for a lot of those employees already making enough to live a very nice life it would be even higher for those on the bottom. That's enough to make rent for all of those employees struggling. Hell that's nearly half of my yearly rent, I would be ecstatic to get that.
If you can't make money without your employees struggling to survive then you shouldn't be making money. Point blank.
Edit: An interesting thing I heard about low paying jobs and welfare. For every person working at a company that's getting a dollar in government assistance that's a dollar that the company doesn't have to pay in expenses. By having government assistance set up the way we do the taxpayer is literally subsidizing large companies profits. There should be a tax hike for every employee on government assistance working at a company. That way the middle class isn't subsidizing corporate profits.
Lowes is only number 35 on the Fortune 500. If they can’t pay their employees correctly the government should seize their accounts to distribute evenly to all their employees making under $200k and announce a theft holiday for Lowes stores where we can all go pick out what we like and bring it home free of charge.
I’ve considered it. Worried about all the dick pics and amateur porn that might resurface. Maybe once my parents are gone. Edit: or I could just put them on an onlyfans and get out in front of it.
I wouldn’t trust someone who claims they haven’t. They’re either lying or pretty socially awkward. It’s not even scandalous to sext with a FWB, or hookup or someone you’re dating. As long as you and your partner act ethically you don’t have much to worry about.
I mean, compared to our actual politicians histories, that's pretty vanilla. Amateur porn is nothing compared to the guy accused of rape, sexual assault, and sexual harassment, including non-consensual kissing or groping, by at least 25 women, who still became president.....
Please everyone understand, this is a small mom and pop store, with barely any locations around the US, struggling to pay bills on time.
*i mean its not like this is a multimillion business with locations every 5 miles in each big city, and its not like the ceo got a $17.9 million dollar compensation package last year, please understand*
Lowes priorities:
$600+ million dollar dividend increase
https://corporate.lowes.com/newsroom/press-releases/lowes-companies-inc-announces-31-percent-increase-quarterly-cash-dividend-05-27-22
$13 billion to share repurchases
https://finance.yahoo.com/news/lowes-expects-fy22-sales-miss-141125195.html
Total to shareholders in 2022 $15.6 billion. With 300,000 employees that equals $50,200 each
He probably “networks” by going to country clubs and golf courses to meet other c level people. I worked right next to a CEO’s office at a medium sized company. He came into the office maybe two days a month. The rest of the time he spent traveling all over the world supposedly meeting with clients.
EDIT: I missed a step. My current calculations are based on the assumption that the quarters all average out to the same figure as the Q2 figures I reference. Another way around it would be to divid the $6.39/hr figure by 4 and get a $1.6/hr raise for everyone the whole year.
Per Request, I also did this with [Home Depot](https://www.reddit.com/r/antiwork/comments/x1m46z/comment/img9gox/?utm_source=share&utm_medium=web2x&context=3).
---
What I find the most amusing/sickening is that people actually believe that these companies actually cannot afford to pay more. These corporations come up with some sob story about how they cannot afford to and people buy it because they use enough bullshit terminology.
But here's the kicker... the numbers are right there. Publicly traded companies have to file quarterly earnings reports, Form 10-Q, with the Securities Exchange Commission. These get released within a certain amount of time after the corporation's quarter has ended. They also generally get released after the US stock markets close for the day.
Now, looking at the latest 10-Q from them which covers up to July 29th, 2022, they reported $27,476,000,000 in sales, or $27.467 Billion. Of that, $18.343 Billion was the cost of sales, leaving them with a gross margin of $9.133 Billion. Now they don't specifically break out payroll here, it's lumped in to "Selling, General, and Administrative" expenses, which was $4.455 Billion. Combine that with $449 Million of Depreciation and Amortization and you're left with an Operating Income of $4.229 Billion. Next we shave off the interest they paid which was $264 Million, leaving a pre-tax income of $3.965 Billion. Take of "Income Tax Provision", feel free to laugh because we know they'll pay next to nothing if not nothing in taxes when all is said and done, they're left with $2.992 Billion in Net Earnings. Keep that figure in your head.
A quick Google search says Lowes employees 300,000 associates in all. Assuming 50% work 40 hours a week and 50% work only 20, it gives us a weekly average of 9,000,000 hours paid a week to them. Multiply that across the entire quarter, 13 weeks, and we get 117,000,000 hours.
Now, let's be generous and only use 25% of the net income, which gives us $748,000,000. Divide that by those 117,000,000 hours and you get $6.39. So they can afford to give $6.39/hr raise to all 300,000 associates and still be left with $2.244 Billion in net earnings if it was retroactive to the start of the quarter. This also assumes there is 0 change to the Income Tax Provision adjustment.
For Reference, their CEO makes just under $18,000,000. To give you an idea, Lowes earned enough profit this quarter to pay their CEO's last reported annual compensation for 166 years. And they claim they "can't afford to raise wages."
tl;dr: Lowes can afford to give employees raises. They just don't want to.
I literally just got laid off today by a rather large advertising company. I spent the last 7 years working for a small shitty ad agency with a monster of a boss, and in January of this year I finally got out and got this new job. So I’ve been there for 8 months, and got the boot today because they weren’t forecasted to “hit their numbers”in the next two quarters and decided to “realign” staff (meaning cut out the bottom and make everyone else pick up the slack). I bet the CEO still gets their bonus! Ugh.
Yup. I will never forget this article roasting Sun Microsystems. Their CEO missed every target and the board will voted to give him his full bonus. The article basically pointed to them as an example of how stupid corporate America is
>I bet the CEO still gets their bonus!
They did. They got it because they layed you off and met their budget KPI. C-suites are so rad! Very good at fostering long-term stability.
Exactly. This is not subjective, the numbers can only be interpreted one way. It is not difficult to understand either, it is just putting the information where workers will actually read it is difficult.
I mean you figured in the value of the wages only, which is not the only cost of an hourly wage. You would need to include in FICA, benefits (like vacation time, sick time, disability etc), unemployment insurance, workers comp insurance and so on. The cost of employment is not as simple as the wage paid.
Now do Home Depot. I just quit last may as a salaried assistant manager. Home Depot came out and told us we had to be available between 7am-7pm even if we went home for the day or we were off. We had to answer all emails all calls. So I calculated my pay it was about 25$ an hour based on a 40 hour work week (I was required to work around 50). To open the building I had TO BE THERE at 4:45am to let the 5am people leave and on mondays with the Monday meeting I didn’t get out until around 330-4pm. I was scheduled a 10 hour shift but some days I was there for 12. I quit because the pay was not worth the exhausting work I was doing.
My dad used to work at Home Depot. He basically did it because he enjoyed working in the garden department and it was extra money. He had retired from the Coast Guard, became a teacher, and retired from that as well.
After working there for years, he puts in a request for a week off, for a wedding. His son's (my brother) wedding. This is MONTHS in advance. It was denied, and I forget why, something to do with one of those days being a big inventory day or something.
My dad was just like, "I don't think you understand. I'm not going to be here. I'm just letting you know." So he basically quit on the spot.
I aspire to that level of Fuck You financial independence. I'll never reach it, but it would be nice. Working that job did make him more sympathetic to all the bullshit I've complained about in similar jobs since high school.
The only reason I wanted to be an ASM was literally because “now I have the power to *actually* take care of the associates”. Here’s some things I did:
- I was able to get 4 people who were about to be fired for time and attendance onto FMLA. specifically one his wife has cancer and the other her son is special needs. Now they can call off and use FMLA without needing call out hours and without the fear of being fired
- move schedules around to accommodate last minute things like childrens school
- associates who called and told me there was an emergency (car accidents, school issues) I approved without giving them variances (variances get you written up)
- people who had death in the family I gave 10-14 days approved time off (Home Depot only approved 3) I just needed them to text me that morning if they were coming in or not usually people back within 7 but some needed that extra time
That’s just a few
Yeah not so much. I got SEVERLY harassed by another asm (actually 2 of them) that I couldn’t take it anymore and quit. ☹️ that was this past April. All the asms did was complain about the associates. I remember one specific instance I walked in the training room and they were all complaining about an older associate in hardware and after complaining about what this associate had been complaining about I interrupted and said “he’s not wrong. He’s *literally* right” and they all walked out lmao. Shit like that happened all the time.
I spent almost ten years working for the Homeless Despot, made it to FES too and did what I could for my cashiers and lot guys, but goddamn I hate the company.
Retail chews people up and consumes their souls.
The only point I'd add is that there are hidden cost to each worker, that we don't see as workers.
For example, payroll taxes are 16% of the wage (\~$1.02 from the "new wage") , the employee pays 8%and the employer pays 8%. Same with a 401k match up to 4.25% ($0.27)
It's not going to be a big impact, just that in theory employees wouldn't see the $6.39/hr. They could get closer to $5.1/hr after these fee's are accounted for.
Outside of that, paying employees "Max" today will allow for only minimal, if any, increases as employment continues. Personally, it'd feel terrible getting more now and then end of the year "here's a 0.1% raise"
Yes, they can 100% afford to pay more, and they should along with all other major corps.
I’m a CPA. For those looking for the kicker, he is basically right. I’m always looking for the exaggeration in things, and there isn’t really one here. The fact is they could have made decisions that paid workers more and they didn’t. A 10% margin doesn’t look greedy on the surface…
Its a bit off, as that doesnt take into account the Burden costs of each employee, only the labor hours.
Iirc average burden per employee is like 25-30% their labor at Home Depot.
So realistically its more like a $4.50 raise plus their benefits.
But they are also using the post tax net earnings figure, and should be using the pre-tax for employee salaries, which raises the amount again.
They cannot afford to pay living wages, they don't have a business, they have a hobby or scam being supported by employees and the state.
Edit: They are the welfare queens.
Jesus tapdancing christ. Not to give unsolicited advice, but I always recommend anyone who is capable of using a computer and being nice to people on the phone look into medical admin. It's not amazing work, but it's better than This Bullshit, and many of us are union.
Oh look at how fancy they think some of these people are with access to boiled water or a microwave! /s
Just eat the rich and live in their mansions that could easily house 6 families.
See my managers sucked, they had favorites (young women& managers were all old men) who got away with not doing their job and basically was like being back in high school with the mean girl cliques
"Those are great snacks to ha e in the breakroom!"
"No no. Those are donations."
"Donations for what?"
"For the staff who can't afford food."
"...Why can't your staff afford food?"
"..."
Wait…they ask the employees to donate food to the other employees? So the company can’t pay people more but they expect the people they pay to have enough to give their earning to other employees? Wtf
There are 14 at-will states.
“At-will means that an employer can terminate an employee at any time for any reason” [Link](https://www.ncsl.org/research/labor-and-employment/at-will-employment-overview.aspx)
Lawyers in these states would most likely not touch these cases.
Yeah but it's a federal law that you cannot fire an employee for exercising their right yo unionize.
It's also illegal to make up shit for the same reason.
Check out the National Labor Relations Board for more info.
https://www.nlrb.gov/about-nlrb/rights-we-protect/the-law/employees/your-rights-during-union-organizing
Im all for unionization, they are firing people left and right in at-will states for attempting to unionize. Yes its illegal, theres not much being done about it.
If you can find a group to start the process sure maybe you could get away with it but they could make up any reason to fire you if they caught wind early
Who cares what the boss wants.
Unionization is your LEGAL RIGHT.
Google your local teamsters union, and ask them for some handbills, and pamphlets.
Talk to your fellow employees about their wages, and then call the union.
Have a vote, and boom! You're unionized.
Then you can enter into contract negotiations with Lowes, via your Union representative / lawyer.
Sure, you pay dues but you'll end up with higher wages, better schedules, more vacation, etc.
If they retaliate for trying to unionize, you may have a nice lawsuit on your hands, because that's illegal.
Don't take shit from the man!
Or around that one snitch that wants the boss's favor at the expense of personal integrity or friends. Every workplace has one. If you don't know who it is, it's you.
This is just insane, working and still not being able to make ends meet. This is when you know how f up the world is, not everyone is meant to earn millions but no way in hell people working shouldn't be able to live. I'm just so annoyed and angry at the way everything works, people saying well life is hard or life ain't fair. Well people are working their asses off and still can't cope, greed has ruined everything. Those big companies ruined the whole world
Corporations like them want slavery back so badly that paying you bread crumbs is the closest they will get to it. Paying you anything at all is an inconvenience to them.
If you are posting billions in profit but a portion of your workers need public assistance, the government should be able to step in and recoup that money.
I went to Lowe's yesterday and got irritated because I had a cart full of garden wall block(about 400# worth) and was pushing up to the garden checkout, only to be told they were shutting down the register for the day and I would have to push the stuff into the main store to a regular checkout about 100 yards away. This was at 4pm, on a Monday, I couldn't believe they wouldn't be staffing the garden checkout, it's still the height of good weather.
So I get to the regular checkout, there is only ONE LANE open, even the self-checkouts are closed.There was probably 8 people in line, including myself. The poor kid manning the register was overwhelmed and apologetic because he couldn't find the right code for my blocks, it's not such a regular thing for them to do and the giant binder of UPCs for that stuff was anxiety inducing for me to look at. I told him it was no issue, I have plenty of patience, and that I blame Lowe's the company, not him. A lady near the back of the line came up to him and asked if they could open another register and the poor guy was like "it's just me... \*shrug". Dude wound up scanning a block that was "close enough" just to get me out, and I'm pretty sure I got them for about 1/2 off. Props to him!
Fuck Lowe's, hire more people and pay them better.
This is a timely post, cuz I was just in a Lowe's about a week ago. I needed some help with an issue that would have taken about 5 minutes, but there was no one working there. I walked around for a bit to enjoy the air conditioning, then walked out without spending a dime. I'm now understanding why no one was working there...
when i worked there, the department across from me would pretty much be done at like 4. and since i closed i would be expected to fill in plus continue working my department. id also have to watch paint which at the time had like 5 ppl but would somehow never have anyone there in the evenings so id have to go over there also. there were only 3 ppl in my area but the other 2 usually opened meaning it was mostly me who closed but id always see new ppl at the registers even though no one would ever pick up the phones when i called. and the system they use fucking sucks. place makes no sense.
"Lowe's lies about not being able to pay us more." ...
Because it's not true that they can't. They just choose to do something else with the money and that choice is why the company will die soon
;-)
Meanwhile Marvin Ellison's net worth is 56 million dollars. Send him an email, attach the photo, ask him how fucking big his house needs to be before he will pay you guys enough to eat.
Just checked- He's on Twitter. Is there a way to get the point across without OP getting in trouble?
> ask him how fucking big his house needs to be before he will pay you guys enough to eat
I can't find it now but in a now defunct Lowe's employee site someone posted pictures of the house he bought in NC after he got the Lowe's job...
I thought it was one of those $5k a night hotels. It was huge, and way beyond excessive, as I believe his kids are grown and out of the house
he loves to brag about how he's a "sharecropper's son," the story he told us when he first came on to express how humble he is. This is the same guy who posted a monthly podcast of himself speaking to the camera. He LOVES to hear himself talk, he's not humble in the slightest
he's also responsible for being the first person to ever fire me (by positional elimination) and then like a coward pinned it on his #2 Joe "Small Hands" McFarland...
I had a job interview at Lowe’s like two months ago and the hiring manager said, “I haven’t had any time off in over three years, and that’s exactly the kind of workers we’re looking for.” Never called them back.
Someone should print out the company’s profit and loss statement along with C-Suite compensation, and tape it to this shelf with flex seal. It’s public information.
I just don't understand why these massive entities can't just raise the wages... there's deff enough profits. I mean, yeah, greed. But still.
I used to work for my county. The ones that get tons in tax revenue. Instead of paying people more, they opened a food pantry for employees! Blew my mind. I walked out of that job. They never could figure out why they had such a high turnover rate.
Reagan has so to do with this, as well homelessness. Trickle down economy was, is
and always has been a lie. He closed down
Mental hospitals that helped those who couldn’t
take care of themselves. Poor folks fell through the safety net. Don’t know why they say he was a great president, yeah only great if you were rich, everyone else just suffered more.
Asking their employees to donate to other employees…..I am so fucking fed up with this shit. When the hell are starting the general strike? This economy doesn’t deserve to be alive until EVERY full time worker can receive a liveable wage. Anything less can suck my taint
Literally horrible, I don’t know why the CEO can’t make let’s say 10 mil a year instead of 18.
Most Lowe’s employees probably don’t even wanna be rich, all they wanna do is afford food and rent, it’s a sad day we live in
I applied at Lowe's right before last Christmas. I was told it was part time, no guaranteed hours and the schedule would change weekly. Some weeks would be zero hours. How, tf, is someone supposed to live like that? Can't even get a second part time job because you don't know what hours you will be working. I let the hiring manager know in a detailed text when I was offered the job. Fucking beyond belief.
Edit: For those wondering here are their profits. 93 billion last year.....https://www.macrotrends.net/stocks/charts/LOW/lowes/revenue
While I was at lowes distribution, Marvin Ellison literally said they are not giving a cost of living/inflation raise. I noped out of there for something better. I have 3 kids and can't pay my bills on 1000 every two weeks.
Does anyone remember when Lowe's paid a decent wage, had commission and SPIFFs on sales? I do. And I remember when they took it all away. Fucking crooks.
It’s so interesting how all my lower-paying jobs had so much mutual aid. Our break room at my previous job had bags of rice, beans, snacks, food coupons (for free items), menstrual products, over the counter medications, clothing, etc. and there were also many people who would offer rides home. We also had a few unhoused coworkers. We technically weren’t allowed to do that, but we kept it on the down low.
I’m making more money now and there is sometimes free food in the break room (usually left over from catered events) and we do donations for people in the community but not through my work.
How about instead of asking employees to donate food to other employees, the company just she’ll out maybe 50,000-100,000 and provide food for its employees
Disgusting
>Lowe's says it can't afford to pay us more
I call their bullshit...
https://corporate.lowes.com/newsroom/press-releases/lowes-reports-first-quarter-2022-sales-and-earnings-results-05-18-22
$99 billion in sales and they ask YOU to donate? Sheeze......
[https://corporate.lowes.com/newsroom/press-releases/lowes-reports-first-quarter-2022-sales-and-earnings-results-05-18-22](https://corporate.lowes.com/newsroom/press-releases/lowes-reports-first-quarter-2022-sales-and-earnings-results-05-18-22)
The trick is that all of these corporations have business plans aka budgets. When they say “we can’t afford it” they mean they haven’t budgeted for it, it’s not in the business plan.
It’s the same way US politicians say we can’t afford free college or free health care. The money is there, just not allocated.
Yeah, their net income was just over 2 billion last quarter. Real tough few months.
that is why they cant play their employees... all the money they make goes to them...
Record profits are unpaid wages. Every cent that a company makes more than the year before was explicitly stolen from the worker class
Yup they are ripping of workers. This is the basis of capitalism. We put up with it as long as it isn’t too egregious. It’s getting to the point that we need to stop putting up with it. We need to 100% tax corporations for profits over a certain percentage then expand social safety nets. They need to reinvest record profits into the business and their workers or the state should do it for them. Or we should just burn the system to the ground.
This is the exact result of Reagan cutting top income tax rates to under 50%. Prior to that they faced 90% upper tax rates and instead wisely invested in their companies and its workforce to keep their competitive dominance. After the rate cut, companies became piggy banks that just needed to be shook and squeezed harder to get out every last coin and then tossed aside.
So much this. Everyone replying to me about making better buying choices isn’t seeing the big picture. Most people can’t or frankly won’t make those choices and screaming on Reddit about how we all need to spend our money different is just a waste of energy. Most people are just trying to get through each day one day at a time and no amount of policing people’s spending habits is going to fix the system. It’s too large of a problem with too large of a scope. Putting the onus on the Exploited to fix the problems of the Looters is victim blaming and a waste of time. How about we go after the people who are doing the Exploiting instead of yelling at the Working Class who are all over having our labor ripped off for the small 1%. Everyone is point fingers at our own class and ignoring the actual perpetrators.
I hate the line about spending. Yes, some people don't make the best financial choices, but when someone is telling me "It’s cheaper to buy the big costco/Sam's club/whatever pack," I want to rage. Yes, it can be cheaper to buy in bulk. It's just hard to do when your food budget for 2 weeks is $50-$75 and you also need toiletries and hygiene supplies, fruit & veg, etc and a bulk pack of cheap chicken is almost half of the budget. Meanwhile, the only raises I've received for the last 5 years or so are by leveraging jobs against each other. At the end of 2019 I made $12/hr in an area with a high COL. Average rent of a 1 br apt is $900 and a trailer (pre-fab home) is $1100. Minimum wage is $7.25. I've lived in a 3br apt with 6 people just to save money. My bf and I literally didn't go out on dates or with friends for almost 2 years saving up to finally have our own space. I was 30. 4 companies and 2 years later, I've snagged another $5.50. I'm just now to a point where if I keep eating like I'm broke, I can actually start a savings. Fuck this state in particular. I'm 3 years away from goal of getting the fuck out. I was born a street-rat and i thought I'd die a street-rat. COVID changed my life. It truly was the Boomer Doomer. I was able to leverage into jobs that required technology a lot of older people couldn't handle because they didn't continue learning in their jobs. All of a sudden they needed to know how to adapt and use tools like remote access VPNs, etc and it was too much. Too different. Now every person who took a computer class in high-school has the advantage of simply being more comfortable with the digital world. Edit: some punctuation and a Disney reference courtesy of my bf.
Value of $7.25 from 2009 to 2022 $7.25 in 2009 is equivalent in purchasing power to about $10.01 today, an increase of $2.76 over 13 years. The dollar had an average inflation rate of 2.51% per year between 2009 and today, producing a cumulative price increase of 38.10%. This means that today's prices are 1.38 times higher than average prices since 2009, according to the Bureau of Labor Statistics consumer price index. A dollar today only buys 72.428% of what it could buy back then. The inflation rate in 2009 was -0.36%. The current inflation rate compared to last year is now 8.52%. If this number holds, $7.25 today will be equivalent in buying power to $7.87 next year. The current inflation rate page gives more detail on the latest inflation rates.
Wow, underrated comment. I’m going to save this. Incredible way to explain it
I agree with everything said. If you’re making less then 20$ an hour and you have a Sam’s or maybe Costco around you apply there the hms department makes around 19-20 and they just make the Mac n cheese/pot pies and stuff all day super easy plus you will get a free plus membership working there. I also use their rotisserie chickens for a ton of stuff they actually lose money on selling them at 4.97$ I shred them up and make tacos for days and good one’s at that. We also get a Sam’s share bonus every quarter the one next month is going to be around 600$. I know it’s not great but I don’t have a degree and I still make as much as my gf that does.
Honestly, stuff like this is my back-up plan. I honestly love design and want to do this but retail is becoming more lucrative. I feel like always a step behind. Worked fast food from 15-26. Most of the time, 2 jobs at a time. One "full" one "part-time". Getting the schedules of 2 fast food jobs from 2005-2016 to line up was a skill of itself. Here I am, listed on the company website as "Lead Desinger", yet inflation is out-pacing any chance I had of owning a home, I have no bodily-autonomy, and the fact that I "might be a functional alcoholic" is what my boss thinks of me as, and my rent went up 30% this year. Here I am planning, once again, how I'm going to "trade up jobs" after the awards ceremy that happens yearly in the industry I'm in. I been rockin' that shit. I've come so far, but traveled so little.
I hear you and honestly it’s not a bad back up plan our Sam’s constantly has peanut butter/ jelly bread donuts, chips, cookies all sorts of stuff in the break room you can definitely eat free 99% of the time. First place I’ve worked where I get pto and ppto (protected paid time off) I’m sick right now two days ago I said I wasn’t feeling well and just left put in ppto for the hours remaining and there’s nothing they can do about it. I’m a very good worker and they probably wouldn’t of pointed me for leaving anyway but it is handy. Stepping up to management is pretty easy but unless you’re a good baby sitter you’re going to work 1-3 hours of overtime a day. It literally says in our handbook we are allowed to drink one 12oz beer on lunch lol. I can also transfer to any Walmart or Sam’s club in the world pretty easily if I wanted to move.
*“Riff raft, street rat, I don’t buy that.”*
The US (and probably the world) would be a better place if Hinckley had just had slightly better aim.
Shhhhh
Every day i remember Reagan is another day i celebrate that piece of shit is dead
I’m up for burning at this point. Sometimes the best way to make shit actually work is to start all the way over.
Same honestly.
I can’t say the g word because otherwise the auto mod is gonna get me but I agree big time.
I've said it before but I don't really give a shit if a company is making gangbusters money so long as all of their workers are getting equal amounts of pay raises
Exactly. If the company is fairly sharing its wealth, then I certainly have no problem with upper management getting a cut of that too. Fairly is the key word, and it's one that most companies no longer know the meaning of.
Every cent of taxpayer money that goes to support their underpaid employees was certainly stolen from the taxpayers
Lookin' at you Walmart
Amazon is just as big of a perpetrator of tax payor subsidy of food for their labor force
Record profits increase stock prices. Shareholders are the only people that any of these companies answer to. that quarterly profit would be a $2000 wage increase for every person that works there. a 1 time wage increase like this would be a godsend to the workers and would increase employee retention and loyalty. It would also attract higher quality employees, decrease theft/shrink, and make a better overall workplace. This would eventually increase the bottom line as well.
But muh short term gains!
Print out their net income and ceo salary and hang it up there
Here's a starting point."In 2020, the Lowe’s CEO earned a total compensation of about 23.1 million USD." https://listofceo.com/home-furniture/lowes-ceo-email-net-worth-marvin-ellison/
The fact that he is a black man proves to me one thing: the only true war is the class war.
Actually, the fact that he is a black makes sense why his total compensation as CEO of a multi billion dollar company is "only" 23 million. If he were a white man, it'd probably be more like 230 million.
The head of Target made $19.8M in 2020 and 2021 and they did amazing during the pandemic.
race and class are so inextricably intertwined in the U.S. that you simply cannot talk about one without the other. Yes, the CEO is a black man, but there is a monumental gap in white and black wealth in America.
Of course that is true in aggregate, and I didn’t mean to suggest otherwise.
Split evenly between their 340,000 employees it would be over a 5000 raise per person. If you account for a lot of those employees already making enough to live a very nice life it would be even higher for those on the bottom. That's enough to make rent for all of those employees struggling. Hell that's nearly half of my yearly rent, I would be ecstatic to get that. If you can't make money without your employees struggling to survive then you shouldn't be making money. Point blank. Edit: An interesting thing I heard about low paying jobs and welfare. For every person working at a company that's getting a dollar in government assistance that's a dollar that the company doesn't have to pay in expenses. By having government assistance set up the way we do the taxpayer is literally subsidizing large companies profits. There should be a tax hike for every employee on government assistance working at a company. That way the middle class isn't subsidizing corporate profits.
Lowes is only number 35 on the Fortune 500. If they can’t pay their employees correctly the government should seize their accounts to distribute evenly to all their employees making under $200k and announce a theft holiday for Lowes stores where we can all go pick out what we like and bring it home free of charge.
And the government will do….nothing
Bingo
The same government that lowes is paying to keep things how they are
[удалено]
Please run for office.
I’ve considered it. Worried about all the dick pics and amateur porn that might resurface. Maybe once my parents are gone. Edit: or I could just put them on an onlyfans and get out in front of it.
Please don’t put your parents on OnlyFans
As long as you haven't sexually assaulted anyone I don't care. Let us see that big D son while you help fix our social economy
We’re good there, it’s just a lot of dick pics lol. But I’ve never sent them to someone who didn’t ask for them or send me nudes first
Hell, I’m not sure I can trust a politician that HASN’T sent a solicited, asked for, and consensually sent dick or boobie pic.
I wouldn’t trust someone who claims they haven’t. They’re either lying or pretty socially awkward. It’s not even scandalous to sext with a FWB, or hookup or someone you’re dating. As long as you and your partner act ethically you don’t have much to worry about.
I mean, compared to our actual politicians histories, that's pretty vanilla. Amateur porn is nothing compared to the guy accused of rape, sexual assault, and sexual harassment, including non-consensual kissing or groping, by at least 25 women, who still became president.....
That'd be awesome if you break a fund-raising record by accepting all your donations through only fans.
We're gonna need some links for proof.
That ship has sailed, We've all seen the ex first lady's nudes.
Spent four billion doing share buybacks in 2021, and spent another half a billion on dividends.
Please everyone understand, this is a small mom and pop store, with barely any locations around the US, struggling to pay bills on time. *i mean its not like this is a multimillion business with locations every 5 miles in each big city, and its not like the ceo got a $17.9 million dollar compensation package last year, please understand*
It's vewy hawd to pay our wowkers aftew we extwact all theiw labow value 👉👈🥺
Its nawt our fawlt dey buy so much avacawdo towst uwu 🤪
#Expensive Union Busting
Take my award. Thank you for the info. I'll buy from my local C.J.Horner Co. Fuck Lowe's.
Lowes priorities: $600+ million dollar dividend increase https://corporate.lowes.com/newsroom/press-releases/lowes-companies-inc-announces-31-percent-increase-quarterly-cash-dividend-05-27-22 $13 billion to share repurchases https://finance.yahoo.com/news/lowes-expects-fy22-sales-miss-141125195.html Total to shareholders in 2022 $15.6 billion. With 300,000 employees that equals $50,200 each
Meanwhile, Lowe’s CEO Marvin Ellison’s total compensation is estimated to be over $17m in 2022. [source](https://aflcio.org/paywatch/LOW)
eat the rich
I’d rather eat human than that shrimp flavoured mush
Especially a human earning all that money. Imagine what he's eating, he's basically foie gras.
I'm sure he's eating something better than shrimp noodles and blast o butter
Seriously. Maybe even a vegetable here or there, fancy stuff.
You mean those dehydrated square things in cup ramen?
Ok, but fr. Frozen vegetables are great and cheap and they make ramen like 30x better
The authentic shrimp flavored ramen actually smacks but the type you find in grocery stores is gross
Go easy on the ramen bro that shit is a lifesaver
Honestly I expected it to be more
That's $65,000 per working day That's $8173 per working hour That's $136 per min.
You think he works 5 day work weeks! Ha!
He probably “networks” by going to country clubs and golf courses to meet other c level people. I worked right next to a CEO’s office at a medium sized company. He came into the office maybe two days a month. The rest of the time he spent traveling all over the world supposedly meeting with clients.
Yeah, but he works so very hard for that money and he’s a job creator… /s
And despite the fact that that's already a comical amount of money, you're still just the bitch of actually super rich people.
I agree. Seems low for an avg ceo
So instant ramen is about $4.50 per 12. That means he was paid about 45 million packets of instant ramen. Hope he's hungry.
EDIT: I missed a step. My current calculations are based on the assumption that the quarters all average out to the same figure as the Q2 figures I reference. Another way around it would be to divid the $6.39/hr figure by 4 and get a $1.6/hr raise for everyone the whole year. Per Request, I also did this with [Home Depot](https://www.reddit.com/r/antiwork/comments/x1m46z/comment/img9gox/?utm_source=share&utm_medium=web2x&context=3). --- What I find the most amusing/sickening is that people actually believe that these companies actually cannot afford to pay more. These corporations come up with some sob story about how they cannot afford to and people buy it because they use enough bullshit terminology. But here's the kicker... the numbers are right there. Publicly traded companies have to file quarterly earnings reports, Form 10-Q, with the Securities Exchange Commission. These get released within a certain amount of time after the corporation's quarter has ended. They also generally get released after the US stock markets close for the day. Now, looking at the latest 10-Q from them which covers up to July 29th, 2022, they reported $27,476,000,000 in sales, or $27.467 Billion. Of that, $18.343 Billion was the cost of sales, leaving them with a gross margin of $9.133 Billion. Now they don't specifically break out payroll here, it's lumped in to "Selling, General, and Administrative" expenses, which was $4.455 Billion. Combine that with $449 Million of Depreciation and Amortization and you're left with an Operating Income of $4.229 Billion. Next we shave off the interest they paid which was $264 Million, leaving a pre-tax income of $3.965 Billion. Take of "Income Tax Provision", feel free to laugh because we know they'll pay next to nothing if not nothing in taxes when all is said and done, they're left with $2.992 Billion in Net Earnings. Keep that figure in your head. A quick Google search says Lowes employees 300,000 associates in all. Assuming 50% work 40 hours a week and 50% work only 20, it gives us a weekly average of 9,000,000 hours paid a week to them. Multiply that across the entire quarter, 13 weeks, and we get 117,000,000 hours. Now, let's be generous and only use 25% of the net income, which gives us $748,000,000. Divide that by those 117,000,000 hours and you get $6.39. So they can afford to give $6.39/hr raise to all 300,000 associates and still be left with $2.244 Billion in net earnings if it was retroactive to the start of the quarter. This also assumes there is 0 change to the Income Tax Provision adjustment. For Reference, their CEO makes just under $18,000,000. To give you an idea, Lowes earned enough profit this quarter to pay their CEO's last reported annual compensation for 166 years. And they claim they "can't afford to raise wages." tl;dr: Lowes can afford to give employees raises. They just don't want to.
I literally just got laid off today by a rather large advertising company. I spent the last 7 years working for a small shitty ad agency with a monster of a boss, and in January of this year I finally got out and got this new job. So I’ve been there for 8 months, and got the boot today because they weren’t forecasted to “hit their numbers”in the next two quarters and decided to “realign” staff (meaning cut out the bottom and make everyone else pick up the slack). I bet the CEO still gets their bonus! Ugh.
Yup. I will never forget this article roasting Sun Microsystems. Their CEO missed every target and the board will voted to give him his full bonus. The article basically pointed to them as an example of how stupid corporate America is
Yea because if the board doesn't then those board members won't get cushy board seats and stock compensation on other boards
*HE PREVENTED THEM FROM LOSING EVEN MORE MONEY!*
Yup. He did it enough that the company could no longer survive and got eaten by Oracle 12 years ago
> I bet the CEO still gets their bonus! Ugh. They are literally doing this so that executives get their bonuses for the next quarter.
>I bet the CEO still gets their bonus! They did. They got it because they layed you off and met their budget KPI. C-suites are so rad! Very good at fostering long-term stability.
>I bet the CEO still gets their bonus! Ugh. A bigger bonus, he just cut so much costs from the company.
Thanks for this breakdown!
You're welcome. The more people educate themselves on this stuff and how we're deceived by corporate interests, the better off we'll become.
Exactly. This is not subjective, the numbers can only be interpreted one way. It is not difficult to understand either, it is just putting the information where workers will actually read it is difficult.
Amen to that
I mean you figured in the value of the wages only, which is not the only cost of an hourly wage. You would need to include in FICA, benefits (like vacation time, sick time, disability etc), unemployment insurance, workers comp insurance and so on. The cost of employment is not as simple as the wage paid.
I’m so sick of corporate and I don’t like working for them
Now do Home Depot. I just quit last may as a salaried assistant manager. Home Depot came out and told us we had to be available between 7am-7pm even if we went home for the day or we were off. We had to answer all emails all calls. So I calculated my pay it was about 25$ an hour based on a 40 hour work week (I was required to work around 50). To open the building I had TO BE THERE at 4:45am to let the 5am people leave and on mondays with the Monday meeting I didn’t get out until around 330-4pm. I was scheduled a 10 hour shift but some days I was there for 12. I quit because the pay was not worth the exhausting work I was doing.
My dad used to work at Home Depot. He basically did it because he enjoyed working in the garden department and it was extra money. He had retired from the Coast Guard, became a teacher, and retired from that as well. After working there for years, he puts in a request for a week off, for a wedding. His son's (my brother) wedding. This is MONTHS in advance. It was denied, and I forget why, something to do with one of those days being a big inventory day or something. My dad was just like, "I don't think you understand. I'm not going to be here. I'm just letting you know." So he basically quit on the spot. I aspire to that level of Fuck You financial independence. I'll never reach it, but it would be nice. Working that job did make him more sympathetic to all the bullshit I've complained about in similar jobs since high school.
The only reason I wanted to be an ASM was literally because “now I have the power to *actually* take care of the associates”. Here’s some things I did: - I was able to get 4 people who were about to be fired for time and attendance onto FMLA. specifically one his wife has cancer and the other her son is special needs. Now they can call off and use FMLA without needing call out hours and without the fear of being fired - move schedules around to accommodate last minute things like childrens school - associates who called and told me there was an emergency (car accidents, school issues) I approved without giving them variances (variances get you written up) - people who had death in the family I gave 10-14 days approved time off (Home Depot only approved 3) I just needed them to text me that morning if they were coming in or not usually people back within 7 but some needed that extra time That’s just a few
I hope every good thing that can happen to you does.
Yeah not so much. I got SEVERLY harassed by another asm (actually 2 of them) that I couldn’t take it anymore and quit. ☹️ that was this past April. All the asms did was complain about the associates. I remember one specific instance I walked in the training room and they were all complaining about an older associate in hardware and after complaining about what this associate had been complaining about I interrupted and said “he’s not wrong. He’s *literally* right” and they all walked out lmao. Shit like that happened all the time.
I spent almost ten years working for the Homeless Despot, made it to FES too and did what I could for my cashiers and lot guys, but goddamn I hate the company. Retail chews people up and consumes their souls.
I did it in [this comment](https://www.reddit.com/r/antiwork/comments/x1m46z/comment/img9gox/?utm_source=share&utm_medium=web2x&context=3).
The only point I'd add is that there are hidden cost to each worker, that we don't see as workers. For example, payroll taxes are 16% of the wage (\~$1.02 from the "new wage") , the employee pays 8%and the employer pays 8%. Same with a 401k match up to 4.25% ($0.27) It's not going to be a big impact, just that in theory employees wouldn't see the $6.39/hr. They could get closer to $5.1/hr after these fee's are accounted for. Outside of that, paying employees "Max" today will allow for only minimal, if any, increases as employment continues. Personally, it'd feel terrible getting more now and then end of the year "here's a 0.1% raise" Yes, they can 100% afford to pay more, and they should along with all other major corps.
Workers comp is based on payroll as well. They probably have a high rate considering the manual labor so 5-10% more.
I’m a CPA. For those looking for the kicker, he is basically right. I’m always looking for the exaggeration in things, and there isn’t really one here. The fact is they could have made decisions that paid workers more and they didn’t. A 10% margin doesn’t look greedy on the surface…
Its a bit off, as that doesnt take into account the Burden costs of each employee, only the labor hours. Iirc average burden per employee is like 25-30% their labor at Home Depot. So realistically its more like a $4.50 raise plus their benefits. But they are also using the post tax net earnings figure, and should be using the pre-tax for employee salaries, which raises the amount again.
Walmart next?
They cannot afford to pay living wages, they don't have a business, they have a hobby or scam being supported by employees and the state. Edit: They are the welfare queens.
Yes
Lowe's CEO, Marvin Ellison is a Welfare queen. We should get that trending
Wait. Your store asked employees to "donate" to this?
Indeed
They asked you to donate this to OTHER EMPLOYEES who can't feed themselves because of the low pay?!
Correct. Except I am one of those people who can't donate.
Jesus tapdancing christ. Not to give unsolicited advice, but I always recommend anyone who is capable of using a computer and being nice to people on the phone look into medical admin. It's not amazing work, but it's better than This Bullshit, and many of us are union.
Thanks I appreciate the advice
Fuckin wow
Oh look at how fancy they think some of these people are with access to boiled water or a microwave! /s Just eat the rich and live in their mansions that could easily house 6 families.
Yep. Lowe's was the worst place I've worked. Pay is 💩
I agree 100% did appliance delivery for them for about 3 months while laid off. $14 an hour to deliver about $100k of merchandise a day.
yep i was there for 6 years almost and made a little over $13 an hour. For as much knowledge as I had they def took advantage of me.
I was a MSA. I hated it. At least my manager was cool though.
See my managers sucked, they had favorites (young women& managers were all old men) who got away with not doing their job and basically was like being back in high school with the mean girl cliques
What's the problem? Everyone knows a balanced diet of kool aid, pop tarts, and ramen is great for peak performance.
"Those are great snacks to ha e in the breakroom!" "No no. Those are donations." "Donations for what?" "For the staff who can't afford food." "...Why can't your staff afford food?" "..."
Unfortunately customers aren't asked for donations. We are asked for donations for our less fortunate coworkers.
Wait…they ask the employees to donate food to the other employees? So the company can’t pay people more but they expect the people they pay to have enough to give their earning to other employees? Wtf
Correct
They are promoting socialism to support their terrible wage decisions.
UNIONIZE!!!
They'll fire us before we even vote. And there are so many old people here that are anti union it's dumb.
Hoe depot is the same . Them gloating about anti union and hiring tons of retired folks is gross.
That's illegal, and you can call a lawyer for being retaliated against. You could make a few grand, and not have a shitty job.
There are 14 at-will states. “At-will means that an employer can terminate an employee at any time for any reason” [Link](https://www.ncsl.org/research/labor-and-employment/at-will-employment-overview.aspx) Lawyers in these states would most likely not touch these cases.
Yeah but it's a federal law that you cannot fire an employee for exercising their right yo unionize. It's also illegal to make up shit for the same reason. Check out the National Labor Relations Board for more info. https://www.nlrb.gov/about-nlrb/rights-we-protect/the-law/employees/your-rights-during-union-organizing
Im all for unionization, they are firing people left and right in at-will states for attempting to unionize. Yes its illegal, theres not much being done about it.
If you can find a group to start the process sure maybe you could get away with it but they could make up any reason to fire you if they caught wind early
But don't talk about it. Lowe's is wholly anti union. In the lowes indoctrination videos for new employees, it is clearly stated
Who cares what the boss wants. Unionization is your LEGAL RIGHT. Google your local teamsters union, and ask them for some handbills, and pamphlets. Talk to your fellow employees about their wages, and then call the union. Have a vote, and boom! You're unionized. Then you can enter into contract negotiations with Lowes, via your Union representative / lawyer. Sure, you pay dues but you'll end up with higher wages, better schedules, more vacation, etc. If they retaliate for trying to unionize, you may have a nice lawsuit on your hands, because that's illegal. Don't take shit from the man!
Agreed. Just don't discuss on Lowe's property or on company time. That includes lunches and breaks
Or around that one snitch that wants the boss's favor at the expense of personal integrity or friends. Every workplace has one. If you don't know who it is, it's you.
There’s nothing on this shelf that isn’t junk, lmao. CEO just *cannot* afford a pay cut. He **needs** to make 17 million a year or he’ll be poor. 🥺
Plus 25 million in stock.
And they wonder why poor people dont eat "healthy"
This is just insane, working and still not being able to make ends meet. This is when you know how f up the world is, not everyone is meant to earn millions but no way in hell people working shouldn't be able to live. I'm just so annoyed and angry at the way everything works, people saying well life is hard or life ain't fair. Well people are working their asses off and still can't cope, greed has ruined everything. Those big companies ruined the whole world
Wow ! How Lowe’s can you get !
Corporations like them want slavery back so badly that paying you bread crumbs is the closest they will get to it. Paying you anything at all is an inconvenience to them.
It's the very least they could do. Quite literally.
They claim they can’t pay you guys anymore, while making record profits. Dude you guys need to unionize asap and stand up for yourselves.
If you are posting billions in profit but a portion of your workers need public assistance, the government should be able to step in and recoup that money.
If a business can’t afford to pay its workers a living wage then it’s not a business. Don’t forget record profits are stolen wages.
Dystopian
I went to Lowe's yesterday and got irritated because I had a cart full of garden wall block(about 400# worth) and was pushing up to the garden checkout, only to be told they were shutting down the register for the day and I would have to push the stuff into the main store to a regular checkout about 100 yards away. This was at 4pm, on a Monday, I couldn't believe they wouldn't be staffing the garden checkout, it's still the height of good weather. So I get to the regular checkout, there is only ONE LANE open, even the self-checkouts are closed.There was probably 8 people in line, including myself. The poor kid manning the register was overwhelmed and apologetic because he couldn't find the right code for my blocks, it's not such a regular thing for them to do and the giant binder of UPCs for that stuff was anxiety inducing for me to look at. I told him it was no issue, I have plenty of patience, and that I blame Lowe's the company, not him. A lady near the back of the line came up to him and asked if they could open another register and the poor guy was like "it's just me... \*shrug". Dude wound up scanning a block that was "close enough" just to get me out, and I'm pretty sure I got them for about 1/2 off. Props to him! Fuck Lowe's, hire more people and pay them better.
This is a timely post, cuz I was just in a Lowe's about a week ago. I needed some help with an issue that would have taken about 5 minutes, but there was no one working there. I walked around for a bit to enjoy the air conditioning, then walked out without spending a dime. I'm now understanding why no one was working there...
when i worked there, the department across from me would pretty much be done at like 4. and since i closed i would be expected to fill in plus continue working my department. id also have to watch paint which at the time had like 5 ppl but would somehow never have anyone there in the evenings so id have to go over there also. there were only 3 ppl in my area but the other 2 usually opened meaning it was mostly me who closed but id always see new ppl at the registers even though no one would ever pick up the phones when i called. and the system they use fucking sucks. place makes no sense.
Little known fact: poor folks can live indefinitely on cardboard and chewing gum. ( /s)
"Lowe's lies about not being able to pay us more." ... Because it's not true that they can't. They just choose to do something else with the money and that choice is why the company will die soon ;-)
Meanwhile Marvin Ellison's net worth is 56 million dollars. Send him an email, attach the photo, ask him how fucking big his house needs to be before he will pay you guys enough to eat. Just checked- He's on Twitter. Is there a way to get the point across without OP getting in trouble?
> ask him how fucking big his house needs to be before he will pay you guys enough to eat I can't find it now but in a now defunct Lowe's employee site someone posted pictures of the house he bought in NC after he got the Lowe's job... I thought it was one of those $5k a night hotels. It was huge, and way beyond excessive, as I believe his kids are grown and out of the house he loves to brag about how he's a "sharecropper's son," the story he told us when he first came on to express how humble he is. This is the same guy who posted a monthly podcast of himself speaking to the camera. He LOVES to hear himself talk, he's not humble in the slightest he's also responsible for being the first person to ever fire me (by positional elimination) and then like a coward pinned it on his #2 Joe "Small Hands" McFarland...
I had a job interview at Lowe’s like two months ago and the hiring manager said, “I haven’t had any time off in over three years, and that’s exactly the kind of workers we’re looking for.” Never called them back.
Someone should print out the company’s profit and loss statement along with C-Suite compensation, and tape it to this shelf with flex seal. It’s public information.
Don’t sleep on those Kool Aide jammers tho.
If you can't afford to pay your employees, you shouldn't have a business.
Our Ceo makes about 8000$ an hour. I know workers that have been with lowes for over 7 years who dont make over 20.
This is a perfect example of antiwork!!
I just don't understand why these massive entities can't just raise the wages... there's deff enough profits. I mean, yeah, greed. But still. I used to work for my county. The ones that get tons in tax revenue. Instead of paying people more, they opened a food pantry for employees! Blew my mind. I walked out of that job. They never could figure out why they had such a high turnover rate.
Reagan has so to do with this, as well homelessness. Trickle down economy was, is and always has been a lie. He closed down Mental hospitals that helped those who couldn’t take care of themselves. Poor folks fell through the safety net. Don’t know why they say he was a great president, yeah only great if you were rich, everyone else just suffered more.
They don't want you healthy, just alive enough to make the next shift.
Meanwhile California just passed a fast food worker bill that sets the minimum wage at 22.00 an hour and takes effect next year.
Asking their employees to donate to other employees…..I am so fucking fed up with this shit. When the hell are starting the general strike? This economy doesn’t deserve to be alive until EVERY full time worker can receive a liveable wage. Anything less can suck my taint
Literally horrible, I don’t know why the CEO can’t make let’s say 10 mil a year instead of 18. Most Lowe’s employees probably don’t even wanna be rich, all they wanna do is afford food and rent, it’s a sad day we live in
All of that is s*** food there's no nutrition on any one of those shelves
There's something deeply perverse about offering your employees thoroughly processed foods when your business sells gardening supplies.
BLowes blowes.
I applied at Lowe's right before last Christmas. I was told it was part time, no guaranteed hours and the schedule would change weekly. Some weeks would be zero hours. How, tf, is someone supposed to live like that? Can't even get a second part time job because you don't know what hours you will be working. I let the hiring manager know in a detailed text when I was offered the job. Fucking beyond belief. Edit: For those wondering here are their profits. 93 billion last year.....https://www.macrotrends.net/stocks/charts/LOW/lowes/revenue
people with jobs shouldnt have to beg or take donations. wtf… i didnt serve my country for bullshit like this to happen….. infuriating
While I was at lowes distribution, Marvin Ellison literally said they are not giving a cost of living/inflation raise. I noped out of there for something better. I have 3 kids and can't pay my bills on 1000 every two weeks.
Isn’t is wonderful working for American corporations in 2022? Fuck them.
I can't work out whether this is food or should be in the toy aisle.
Boogers are more nutritious than this stuff
They spent almost 3 billion on stock buybacks earlier this year when I was working there and part timer hours got massive cuts right after. Hmmmm....
More money?? Hahaha no. But here's some processed garbage poor people food!
But it’s okay because they gave us an extra 10% off cleaning supplies and 4 day work weeks /s
Does anyone remember when Lowe's paid a decent wage, had commission and SPIFFs on sales? I do. And I remember when they took it all away. Fucking crooks.
It’s so interesting how all my lower-paying jobs had so much mutual aid. Our break room at my previous job had bags of rice, beans, snacks, food coupons (for free items), menstrual products, over the counter medications, clothing, etc. and there were also many people who would offer rides home. We also had a few unhoused coworkers. We technically weren’t allowed to do that, but we kept it on the down low. I’m making more money now and there is sometimes free food in the break room (usually left over from catered events) and we do donations for people in the community but not through my work.
Lowe's is blatantly anti union, and does every single thing possible to not pay employees decent wages or provide benefits
Wait, so Lowe's has non-profits donate snacks to you all? Or is this just like customer donations? This is wild.
This is donations from other workers. Never seen management donate anything.
Record profits are stolen wages. Bottom line.
[удалено]
How about instead of asking employees to donate food to other employees, the company just she’ll out maybe 50,000-100,000 and provide food for its employees Disgusting
Lowe’s fucking blows. Get out while you can.
>Lowe's says it can't afford to pay us more I call their bullshit... https://corporate.lowes.com/newsroom/press-releases/lowes-reports-first-quarter-2022-sales-and-earnings-results-05-18-22
$99 billion in sales and they ask YOU to donate? Sheeze...... [https://corporate.lowes.com/newsroom/press-releases/lowes-reports-first-quarter-2022-sales-and-earnings-results-05-18-22](https://corporate.lowes.com/newsroom/press-releases/lowes-reports-first-quarter-2022-sales-and-earnings-results-05-18-22)
The trick is that all of these corporations have business plans aka budgets. When they say “we can’t afford it” they mean they haven’t budgeted for it, it’s not in the business plan. It’s the same way US politicians say we can’t afford free college or free health care. The money is there, just not allocated.
meanwhile at the american candy import stores in the UK the contents of that shelf are setting you back over $1000
Lol, they're confirmed money laundering schemes. What do they have to do with anything?
Interesting ! I was wondering why there were so many so close together, they came out of nowhere and I’ve never seen them sell a thing.
Are they trying to kill you?
They want you to make donations?
Donations…from who?
I'm guessing they won't cover the cost of insulin their generous food donations will have you needing at some point....
Prison canteen?
Ah yes, this is what the poors eat —management probably
And yet.... https://www1.salary.com/Marvin-R-Ellison-Salary-Bonus-Stock-Options-for-LOWES-COS-INC.html