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#lowwages — Public Fediverse posts

Live and recent posts from across the Fediverse tagged #lowwages, aggregated by home.social.

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  1. “Low-Wage 20” Report Spotlights Corporate Giants Paying Poverty Wages

    None of the 20 companies provided median pay that allowed workers to afford a two-bedroom rental.

    murica.website/2026/03/low-wag

  2. The Affordability Crisis Is Real. Only Worker Organizing Can Offer Solutions.

    A nation that can feed its billionaires but not its children has an economic system built to protect cruelty.

    murica.website/2026/01/the-aff

  3. The Affordability Crisis Is Real. Only Worker Organizing Can Offer Solutions.

    A nation that can feed its billionaires but not its children has an economic system built to protect cruelty.

    murica.website/2026/01/the-aff

  4. On this #IndependenceDay, we remember that #truefreedom is not just the right to vote or speak—it’s the right to live with #dignity. Yet millions across this nation are denied that freedom by #poverty, #lowwages, and unjust systems.

    Let this #4thofJuly be a declaration—not just of #independence, but of #interdependence. We #risetogether, or not at all.

    Join us!
    #MDPPC #PoorPeoplesCampaign

  5. On this #IndependenceDay, we remember that #truefreedom is not just the right to vote or speak—it’s the right to live with #dignity. Yet millions across this nation are denied that freedom by #poverty, #lowwages, and unjust systems.

    Let this #4thofJuly be a declaration—not just of #independence, but of #interdependence. We #risetogether, or not at all.

    Join us!
    #MDPPC #PoorPeoplesCampaign

  6. #USA #CEOs #StockBuybacks #LowWages: "Why would CEOs prefer buybacks to dividends? Because CEOs sit on tons of shares. Even if only some of those shares have vested, a CEO who uses this ruse to increase share prices can cash those shares out, borrow against the rest, and count on a big stock grant from shareholders who are grateful for their windfall.

    That means that the true cost of a CEO pay package isn't the value of the shares they're awarded – it's the cost of the stock buyback that leads to that award. And this is where the numbers get truly, obscenely, huge.

    Take Lowe's: over the past five years, CEO Marvin Ellison spent $43 billion on stock buybacks, netting $18 million for himself in the process. Now, Lowe's has 285,000 employees, half of whom earn less than $33,000/year. Divide Ellison's $18m among those workers and each of them would net a paltry $126/year. But if you were to share out the $43 billion Ellison had to piss up against a wall on stock buybacks among those workers, you'd be able to give every worker a $30,000 bonus, every year:
    (...)
    Lowe's leads the "Low-Wage 100," IPS's index of the worst paying 100 companies out of the S&P 500. Over the past five years, the Low-Wage 100 has spent more than half a trillion dollars on stock buybacks. As with other companies, the CEOs of the Low-Wage 100 timed mass sell-offs of their shares to coincide with the buybacks:"

    pluralistic.net/2024/09/09/low

  7. #USA #CEOs #StockBuybacks #LowWages: "Why would CEOs prefer buybacks to dividends? Because CEOs sit on tons of shares. Even if only some of those shares have vested, a CEO who uses this ruse to increase share prices can cash those shares out, borrow against the rest, and count on a big stock grant from shareholders who are grateful for their windfall.

    That means that the true cost of a CEO pay package isn't the value of the shares they're awarded – it's the cost of the stock buyback that leads to that award. And this is where the numbers get truly, obscenely, huge.

    Take Lowe's: over the past five years, CEO Marvin Ellison spent $43 billion on stock buybacks, netting $18 million for himself in the process. Now, Lowe's has 285,000 employees, half of whom earn less than $33,000/year. Divide Ellison's $18m among those workers and each of them would net a paltry $126/year. But if you were to share out the $43 billion Ellison had to piss up against a wall on stock buybacks among those workers, you'd be able to give every worker a $30,000 bonus, every year:
    (...)
    Lowe's leads the "Low-Wage 100," IPS's index of the worst paying 100 companies out of the S&P 500. Over the past five years, the Low-Wage 100 has spent more than half a trillion dollars on stock buybacks. As with other companies, the CEOs of the Low-Wage 100 timed mass sell-offs of their shares to coincide with the buybacks:"

    pluralistic.net/2024/09/09/low

  8. "Bad actors are taking advantage of people and compromising the program for legitimate businesses. We are putting more reforms in place to stop misuse and fraud from entering the TFW program." #TFWs #cdnpoli #lowwages
    cbc.ca/news/politics/temporary

  9. 6 Day week
    #lowwages, limited career opportunities, ever-longer #workinghours without decent compensation; so many seek work abroad. a rising number are refusing to work in #tourism because many see the working conditions in the sector as akin to #wageslavery.

    7 day week
    Seasonal workers on popular holiday islands #Mykonos and #Santorini work seven days a week; live in overcrowded accommodation eg. ten people to share a single living and sleeping space.

    dw.com/en/greece-introduces-th

  10. 6 Day week
    #lowwages, limited career opportunities, ever-longer #workinghours without decent compensation; so many seek work abroad. a rising number are refusing to work in #tourism because many see the working conditions in the sector as akin to #wageslavery.

    7 day week
    Seasonal workers on popular holiday islands #Mykonos and #Santorini work seven days a week; live in overcrowded accommodation eg. ten people to share a single living and sleeping space.

    dw.com/en/greece-introduces-th

  11. #AI #GenerativeAI #Globalization #Fauxtomation #LowWages: "Globalization is key to maintaining the guy-in-a-robot-suit phenomenon. Globalization gives AI pitchmen access to millions of low-waged workers who can pretend to be software programs, allowing us to pretend to have transcended the capitalism's exploitation trap. This is also a very old pattern – just a couple decades after the Mechanical Turk toured Europe, Thomas Jefferson returned from the continent with the dumbwaiter. Jefferson refined and installed these marvels, announcing to his dinner guests that they allowed him to replace his "servants" (that is, his slaves). Dumbwaiters don't replace slaves, of course – they just keep them out of sight:"

    pluralistic.net/2024/01/31/neu

  12. #AI #GenerativeAI #Globalization #Fauxtomation #LowWages: "Globalization is key to maintaining the guy-in-a-robot-suit phenomenon. Globalization gives AI pitchmen access to millions of low-waged workers who can pretend to be software programs, allowing us to pretend to have transcended the capitalism's exploitation trap. This is also a very old pattern – just a couple decades after the Mechanical Turk toured Europe, Thomas Jefferson returned from the continent with the dumbwaiter. Jefferson refined and installed these marvels, announcing to his dinner guests that they allowed him to replace his "servants" (that is, his slaves). Dumbwaiters don't replace slaves, of course – they just keep them out of sight:"

    pluralistic.net/2024/01/31/neu

  13. There is no worker shortage. There is a cheapskate surplus.

    Thanks
    JP
    @daedalus

    "#Workershortage plagues #hospitality industry, '#lowwages', insecure #casualwork cited as factors"

    "I don't think the #wages are the issue, I think it's the after-hours work. I think after COVID people just don't want to do it any more."

    I bet if you offered people $250k a year they'd do it. So yeah, it's the wages.

  14. There is no worker shortage. There is a cheapskate surplus.

    Thanks
    JP
    @daedalus

    "#Workershortage plagues #hospitality industry, '#lowwages', insecure #casualwork cited as factors"

    "I don't think the #wages are the issue, I think it's the after-hours work. I think after COVID people just don't want to do it any more."

    I bet if you offered people $250k a year they'd do it. So yeah, it's the wages.

  15. Free #childcare, cars & iphones to lure workers...shortage of baggage handlers & customer service agents for #airlines.

    "The aviation industry's low wages & taxing work have long made retaining staff at airports a challenge....problem exacerbated by the pandemic & now, historically low #unemployment rates."
    #aviation #aviationindustry #inflation #lowwages #airline
    reuters.com/business/aerospace

  16. CW: wow The Iconic does not sound nice

    “Of all the terrible places I’ve worked, I have never felt so devalued, disrespected, unappreciated and unheard as at The Iconic … the company pushes their #peopleareourgreatestassest comms down your throat while making you feel so small and replaceable every day,” they said.

    smh.com.au/lifestyle/fashion/1
    #TheIconic #Fashion #LowWages #WageTheft