By Felix Allen
Ever get mad at a delivery driver for bringing your pizza late? I used to. Now I assume it’s late because an overpaid boss is probably making two employees do the job of 10.
What changed? I worked for two years at a company with the kind of chronic understaffing that plagues many of America’s largest retailers and fast food corporations.
My job was to build merchandise displays at Lowe’s, the home improvement chain. I wasn’t supposed to deal directly with customers. But when people asked me for help, I was often the only employee available. So I wound up doing everything from sawing lumber to cutting keys — all the while worrying about finishing my assigned projects.
Such understaffing leads to frustration for customers and burnout for employees who have to hustle like mad for a paycheck that barely covers their bills. CEOs argue they just don’t have the money to hire more workers or pay family-supporting wages. But their actions say something else.
A new report by the Institute for Policy Studies shows that Lowe’s spent nearly $35 billion over the past three and a half years on stock buybacks. This is when a company takes money that could go towards worker wages or other productive investments and uses it to artificially inflate the value of their stock — and the value of their CEO’s stock-based pay.
In 2022 alone, Lowe’s spent $14.1 billion on buybacks. That would’ve been enough to give every one of the company’s 301,000 U.S. employees a $46,923 bonus. Instead, a typical Lowe’s worker made less than $30,000.
And the CEO? He’s sitting on company stock worth about $108 million.
Other big retailers aren’t much different. Walmart, Home Depot, Target, Dollar General, and Best Buy all spent more than $5 billion on stock buybacks over the past few years.
CEOs say buybacks are a good way to return “excess cash” to shareholders. I’m pretty sure frontline workers could come up with far better ideas for investing those billions. But nobody’s asking them. None of these big retailers are unionized, meaning their workers have no voice in major decisions affecting their lives.
That’s why a few co-workers and I started organizing at our Lowe’s store in New Orleans in 2022.
We wanted a way to address understaffing, unfair pay, and a lack of grievance protections. We were tired of seeing employees have no recourse after getting fired for showing up a few minutes late for reasons beyond their control, like a broken-down bus or a child care crisis.
Not surprisingly, the road to organizing the first big box store union has been bumpy. We’re proud that we overcame intense management opposition and gathered enough signatures on a petition to form a union. We also helped pressure Lowe’s to give out some modest raises and bonuses.
But due to a technicality, we had to withdraw our petition. And then, a couple months ago, I was fired in what I believe was retaliation for my pro-union activities. The National Labor Relations Board has already ruled against Starbucks and Amazon for illegally firing union organizers. They are now investigating my firing and several other complaints about Lowe’s labor practices.
The deck is clearly stacked against ordinary workers at big powerful corporations. But we know that every employee contributes to the value of a company — not just the CEO. And we will keep fighting for the respect we deserve.
Felix Allen is a former Lowe’s employee and musician based in New Orleans.
JimboXYZ says
It’s a human race issue. If those blaming the delivery driver would just own the fact that they were too lazy to drive themselves over to the pizza place & pickup their order ? That’s not the CEO or delivery person, it falls back on the individual for being accountable & responsible for their own life, making that happen for the family they created. Just because anyone ordered a pizza, that doesn’t change the fact that the very reason the consumer isn’t driving over to the pizza restaurant is because of the potential for miles of gridlock traffic. There are no solutions for that, the promise of fast free delivery is a lie, there is no such thing & it’s relative to the time one orders their meal, the distance & mileage, the speed limits & everything else involved that “Idiot America” is impatient over. With construction planned for roads (Belle Terre & others) get used to a less warm pizza or take it upon yourself to take your family to eat a hot mean served on location of a restaurant. Own their miserable lives for once. Those types, I have zero patience & tolerance for. They deserve the illusion & perceptions of poor service.
Melly C says
CEOs everywhere thank you for wearing your rose-colored glasses, daily….
JimboXYZ says
So what happens when they hire another delivery person and the food still shows up cold or just wasn’t all that freshly cooked ? Like that never has happened ?
jake says
Seriously dude, a business offers you a service, you take advantage of it, and the service sucks. So I should then blame myself for taking advantage of the service. What planet do you live on?
ASF says
To assume the above is true in all cases seems rather sophomoric.
joseph hjempfling says
had similar experiences; i.e. not hiring and as one fellow worker told me; THE REWARD FOR HARD WORK IS M O R E W O R K
after all the money NOT spent in the budget for the year, can be then used for the boss to buy himself new office furniture or other perks. and the work gets done showing management that they probably didn’t really need the new potential hire after all. All very self serving and delusional.
!
Mr says
I don’t know of many CEO’s running pizza joints. Is it understaffing or kids still living in their parents basement playing X box’s and going out and getting a friggen job?
Profits over people says
The government still considers $12,785 per year to not be poor, this may have been true in 1972. republicons have won in keeping people off assistance programs see food stamps, rental assistance, actually everything in the past 20 years that would benefit people but not corporations the r cons are actively againt it and sabatoge every chance they get.