Work & workers | Fellow @BrookingsMetro | #GenerativeAI & the future of work | Former @NewAmerica @Georgetown @BarackObama @USAID @cgdev | Views are my own
"@Amazon & @Walmart have raked in billions in profits during pandemic & shared almost none of it w/ their workers."
We compare 1st-of-its-kind data on profits, #HazardPay & billionaire wealth. 1/
brookings.edu/blog/the-avenu…
Despite earning $10.7 billion in *additional* profit during the pandemic compared to last year, and generating enormous shareholder wealth, @Amazon and @Walmart were among the least generous of the 13 companies we studied in our Nov report.
A 🧵 1/
We ask: are the biggest retail companies in America that are booming during -and b/c of- the pandemic sharing windfall profits w/ workers who are making the least & risking the most? As pandemic worsens, what $ should workers earn, and what *have* they earned during pandemic? 2/