By the end of 2020, the additional COVID-19 compensation that Amazon and Walmart have made available to their frontline workers will account for only a small fraction of the extraordinary revenue of the companies and an even smaller percentage of the staggering pandemic-induced wealth that richest shareholders was created for them. Share prices for Amazon and Walmart have risen 70% and 36%, respectively, since the pandemic began. Meanwhile, worker wages will only have risen 7% and 6% by the end of the year, even after the new December bonuses the two companies announced earlier this month.
Since March the fortune of the Amazon founder Jeff Bezos (the richest person on the planet) has increased by $ 75.6 billion – 42 times the cost of all pandemic risks Amazon paid its roughly 1 million workers by the end of this year. The wealth of Alice, Jim and Rob Walton (Billionaire heirs to Walmart’s fortune and the nation’s richest family) has grown by $ 40.7 billion since the pandemic began – 26 times the total pandemic threat that Walmart has to its 1.5 million+ employees by the end of 2020 made available. […]
THREE OTHER ARTICLES THAT WOULD READ
The inequality of the year became less visible and more visible than ever before, by Emily Badger. Even when common public spaces were emptied, the gap between the economically privileged and the precarious could no longer be ignored.
Trump’s influence on the Indian country over four years, by Anna V. Smith. From legal decisions to local policies, indigenous attorneys describe the government’s tactics as an “attack” that undermines federal protection of land and wildlife.
Guard dogs ravaged by the chaos of the Trump era are looking for greater protection, by Carrie Johnson. The 75 Inspector General of the federal government, as they are known, suffer from the chaos of the Trump era, including layoffs and pressure campaigns by the White House and its allies. In response, the Board of Inspectors General for Integrity and Efficiency calls on legislators to achieve better job protection in the coming year.
TOP COMMENTS • SAVED DIARIES
“The average American doctor visit takes four years to spend as much time with their doctor as they do with their phone in a single day.”
~~ Emmanuel Fombu, The Future of Healthcare: People and Machines Working Together for Better Results, 2018
TWEET OF THE DAY
I have biographical data for every single major party US Senate candidate throughout the direct election era from 1914 to 2020. I received an outside grant to collect the same data on US Senate candidates during the direct election era.
That is ridiculously wrong. https://t.co/HvrjdOpQRU
– Carlos Algara (@algaraca) December 28, 2020
BLAST FROM THE PAST
At Daily Kos that day in 2010– Why did Congressional Black Caucus invite Scott and West?
Last election day, two new Republicans who happen to be black were elected to the 112th Congress: Allen West off Florida’s 22nd District and Tim Scott out South Carolina’s 1st Congressional District. Both West and Scott’s districts are predominantly white, with West’s district only 3.8 percent black and Scott’s district 21.1 percent black. Both men were supported by Sarah Palin and numerous other national and local conservatives, but not by the Black Caucus of Congress. Both men were, however invited to participate the CBC even though Scott declined membership. Needless to say, none of the men received a significant percentage of the black votes in their respective districts, according to Exit polls.
Meanwhile, like I said earlier this yearMemphis Congressman Steve Cohen has still not received an invitation from the CBC, despite representing a district that is 60 percent black and where he routinely receives the lion’s share of black votes, even if he has black main challengers. Although he was supported by Obama. Although he was Approved by the Black Caucus of Congress!
Does that even make sense?