The Spark

“The emancipation of the working class will only be achieved by the working class itself.” — Karl Marx

Bosses Profit from CARES Act

Nov 23, 2020

For those whose jobs put them in contact with the public every day, the dangers of getting COVID-19 keep rising. Even where masks are mandated, the rules are not enforced all the time. So retail workers are especially at risk. Grocery workers represented by the United Food and Commercial Workers Union report more than 16,000 coronavirus cases so far and more than 100 deaths.

In the first few months of the pandemic, some so-called front line workers got higher pay or bonuses and most lower-income workers got the $1,200 from the congressional CARES Act.

Large retailers like Amazon, Target and Walmart, as well as Home Depot and Lowe’s, got billions from the CARES act. Lowes, for example, claims to have spent 800 million on their employees. They paid four billion to their stockholders!

Dollar General says it spent 73 million on employee bonuses. More than two billion to stockholders!

Corporations show they consider their stockholders 1,000 times more important than their employees. That tells all of us who work how much our employers value us.