The Big Rip: Low Wage Corporations Spent Half a Trillion Inflating CEO Pay

Most of us believe in fair pay for honest work. So why aren’t low-wage workers better paid?
After 30 years of research, I can tell you it’s not because employers don’t have the cash. It’s because profitable corporations spend that money on their stock prices and CEOs instead.
Lowe’s, for example, spent $43 billion buying back its own stock over the past five years. With that sum, the chain could’ve given each of its 285,000 employees a $30,000 bonus every year. Instead, half of Lowe’s workers make less than $33,000. Meanwhile, CEO Marvin Ellison raked in $18 million in 2023.
The company also plowed nearly five times as much cash into buybacks as it invested in long-term capital expenditures like store improvements and technology upgrades over the past five years.
Lowe’s ranks as an extreme example, but pumping up CEO pay at the expense of workers and long-term investment is actually the norm among America’s leading low-wage corporations.
Central Ohio Worker Center: Building worker power

This article was first published by Policy Matters Ohio
In the 1960’s, my grandfather joined the United Steelworkers and together with my grandmother, a nurse, they changed the entire trajectory of our family through the stability and opportunities they earned. Almost 60 years later, my husband joined the International Brotherhood of Electrical Workers (shout out to Local 683!) after being a non-union journeyman for several years. In addition to better pay, his jobs are more secure, his health insurance more comprehensive, and his worksites safer. I worked in food service, retail, as a nanny, and as a home childcare provider before joining Policy Matters Ohio and the staff union. I have rights and benefits at work that I never even dreamed of as a low-wage hourly worker, like guaranteed wage increases and paid family & medical leave.
Hot Times musicians featured on this week's Everybody Knows with Dr. Bob and Dan-o

Everybody Knows plays on WGRN 91.9FM Friday nights at 11:00 PM, and streams live on wgrn.org.
This week Dr. Bob and Dan-o talk about and play songs by artists performing this year at the Hot Times Community Music and Arts Festival.
The show will also play Mondays at 2pm on WCRS 82.7 & 98.3FM and streams live on wcrsfm.org.
Archived shows can be found on the Free Press Network and SoundCloud.
Hot Times community Music and Arts Festival

Friday, September 6, 4-1opm
Saturday, September 7, 11am-10pm
Sunday, September 8, 11am-8pm
NEW LOCATION 2024 only: North Hamilton Park between E. Long St. and E. Broad St.
The Hot Times Festival is a community driven, multi-arts event and has been a project of the Arts Foundation of Olde Towne for over 40 years.
The festival has moved four times and now in 2024 the Festival makes a temporary while construction happens on the traditional site.
The Hot Times Art Cars will host two new vehicles traveling from Texas along with a host of regional and local cars and will be honoring co-founder Ramona Moon. There will be children's activities, food, drinks, music, arts and crafts and community booths.
LONG STREET STAGE
FRIDAY:
5:00. African Cultural Arts Institute
6:00. Mendelsonics
7:00. Austin & Syd Experience
8:00. Shaun Booker Dammit Band
9:00. Willie Phoenix
SATURDAY:
12:00. Wahru’s Drummers
1:00. Charles Grace Band
2:00. Billy Zenn & The Beatdowns
3:00. Gregg Swan & The Late Crew
Sign up to perform at the Mystic Café Variety Show and Open Mic October 18th

SoulCall Global invites you to our fun Mystic Cafe Variety Show and Open Mic Friday October 18, 2024.
Help SoulCall Global raise money to feed and house the needy and enjoy an old fashioned variety show with everything from great music and comedy acts to who knows what. Performers are encouraged to sign up.
A keyboard accompanist is available.
Doors open at 6:00 pm
Performances 7:00-9:00 pm
Donation $15 (or more! 100% of profits go to our charitable programs)
Columbus Mennonite Church
35 Oakland Park Ave., Columbus OH 43214
Information at https://www.soulcallglobal.org
To secure a performance time slot, contact Bob Lipetz for a registration
form at bob@debchi.com, 614-906-4350.
Businesses interested in showcasing their services by becoming a
sponsor, contact Lisa Ferraro at Soulcallone@gmail.com
Socialism 101

Thursday, September 5, 2024, September 19, October 3, and October 17 at 6:30 PM - 7:30 PM
Columbus Metropolitan Library: Shepard branch, 850 N Nelson Rd, Columbus, OH 43219
Also, on Zoom (link will be emailed to you after sign-up).
Description
A two month series of gatherings which teach new members about the basics of socialism, the details of the DSA organization with a focus on the local Columbus chapter. During these meetings, they will meet and mingle with leaders of the chapter as well as current membership.
The following are the topics of each of the gatherings we'll have:
Week 1 (Sep 5): Socialism Basics
Week 2 (Sep 19): National DSA Organization
Week 3 (Oct 3): Columbus DSA Chapter
Week 4 (Oct 17): Social - Hybrid, in-person location to be determined
Calling Harris A Communist Is An Insult To Communism

Republicans called Obama a communist, when all his worst actions as president were continuations and expansions of Bush’s policies. Democrats called Trump a Nazi when his worst acts were continuations and expansions of Obama’s policies. Now we’re back to calling Harris a communist, while she supports a genocide that Republicans also support.
Calling Kamala Harris a communist isn’t wrong because it degrades Harris, it’s wrong because it degrades communism.
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The Biden-Harris administration is knowingly helping the Israeli government wage a campaign of extermination in Gaza that has shocked and horrified the entire world, so obviously the real villain we need to focus on here is Jill Stein.
No serious person believes a bunch of socialists and peaceniks are going to vote for a capitalist warmongering party. Democrats don’t bitch about the Green Party because of lost votes, they do it because they hate being reminded that their party’s a lie and their values are fake.
RootsAction Teach-In Network

For generations, teach-ins have combined with direct action to propel movements for peace and social justice.
From the era of the Vietnam War...
To the 1980s struggle to end apartheid in South Africa...
To protests against Israel’s ongoing genocide in Gaza.
We’re excited to announce the launch of the Teach-In Network — to provide resources for activism on and off campuses — to educate and build movements for challenging what Martin Luther King Jr. called “the madnes of militarism.”
If you’re interested in participating, click here to sign up for updates about online toolboxes and other resources.
2024’s Evil Electoral Underbelly Demands Our Full Activism

Two events about local transit

“Let’s Talk Transit: A Happy Hour Discussion on the Future of Mobility in Columbus,” hosted by Transit Columbus
Tuesday, September 3, 5:30-7pm, The Den at Parsons North, 689 Parsons Ave.
Transit Columbus is hosting a series of happy hour panel discussions with city and COTA leadership to dig deeper into upcoming transit and mobility initiatives and what they mean for residents of central Ohio.
On September 3, we’re partnering with NLC [New Leaders Club] Columbus, Columbus Urban League Young Professionals, and Ohio Environmental Council Emerging Leaders to learn more about LinkUS, BikePlus, and the future of mobility in our region.
Please RSVP and submit your questions to the panel here.
Agenda: