Monday Evening Owls: Amazon, Walmart make further billions in pandemic, however nonetheless stingy with employees

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By way of the tip of 2020, the overall further COVID-19 compensation Amazon and Walmart can have supplied their frontline employees represents solely a small fraction of the businesses’ extraordinary earnings, and a fair smaller share of the beautiful, pandemic-fueled wealth created for his or her richest shareholders. Inventory costs for Amazon and Walmart have soared 70% and 36%, respectively, because the begin of the pandemic. In the meantime, employee wages can have grown solely 7% and 6% by the tip of the yr, even after the brand new December bonuses that the 2 corporations introduced earlier this month.

Since March, the fortune of Amazon founder Jeff Bezos (the richest individual on the planet) has elevated by $75.6 billion—42 instances the price of all pandemic hazard pay that Amazon can have given its roughly 1 million employees by the tip of this yr. The wealth of Alice, Jim, and Rob Walton (billionaire heirs to the Walmart fortune and the nation’s richest household) has grown by $40.7 billion because the begin of the pandemic—26 instances the overall quantity of pandemic hazard pay Walmart can have supplied its greater than 1.5 million associates by the tip of 2020. […]

THREE OTHER ARTICLES WORTH READING

  • The Year Inequality Became Less Visible, and More Visible Than Ever, by Emily BadgerAt the same time as shared public areas emptied out, the hole between the economically privileged and the precarious grew to become inconceivable to disregard.

  • Trump’s impact on Indian Country over four years, by Anna V. SmithFrom authorized choices to on-the-ground insurance policies, Indigenous legal professionals describe the administration’s techniques as an “onslaught” eradicating federal protections of land and wildlife.

  • Reeling From Trump-Era Chaos, Watchdogs Seek Greater Protections, by Carrie JohnsonThe federal authorities’s 75 inspectors common, as they’re recognized, are reeling from chaos within the Trump period, together with firings and strain campaigns from the White Home and its allies. In response, the Council of the Inspectors Basic on Integrity and Effectivity is asking lawmakers for better job protections within the yr forward.

TOP COMMENTSRESCUED DIARIES 

QUOTATION

“It takes the common American 4 years of medical doctors’ visits to spend as a lot time with their doctor as they spend with their cellphone in a single day.”
          ~~Emmanuel Fombu, The Way forward for Healthcare: People and Machines Partnering for Higher Outcomes, 2018

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BLAST FROM THE PAST

At Each day Kos on this date in 2010—Why did Congressional Black Caucus invite Scott and West?

This previous election day, two new Republicans who occur to be black had been elected to serve within the 112th Congress: Allen West from Florida’s 22nd district and Tim Scott from South Carolina’s 1st Congressional District. Each West and Scott’s districts are overwhelmingly white, with West’s district coming in at simply 3.8 % black and Scott’s district coming in a way more respectable 21.1 % black. Each males had been endorsed by Sarah Palin and quite a few different nationwide and native conservatives, however not the Congressional Black Caucus. Nevertheless, each males had been invited to join the CBC, though Scott has declined membership. Evidently, based on exit polls neither man obtained any important share of the black vote of their respective districts.

In the meantime, as I identified earlier this year, Congressman Steve Cohen of Memphis has nonetheless obtained no invite from the CBC, despite the fact that he represents a district that’s 60 % black and the place he routinely receives the lion’s share of the black vote even when he has black main challengers. Although he was endorsed by Obama. Although he was endorsed by the Congressional Black Caucus!

Does this make any sense in any respect?