conduct a library research by comparing year to year revenues and profits for years 2020 and 2021 during the high of the COVID pandemic for: - Target - Walmart - Amazon
conduct a library research by comparing year to year revenues and profits for years 2020 and 2021 during the high of the COVID pandemic for:
- Target
- Walmart
- Amazon
ANSWER:-
For America's greatest corporations, the COVID-19 pandemic has resulted in record revenues as well as enormous riches for its founders and major shareholders—but next to nothing for employees. In a report released last month, we discovered that many of America's top grocery and retail chains made billions during the pandemic but only distributed a small portion of that profit to their frontline employees, who risk their lives every day for pay that is frequently so low that it cannot support a family.The two biggest businesses in the nation, Amazon and Walmart, are particularly examples of this. Together, they have made an astounding 56% more money than they did last year thanks in major part to the pandemic, an additional $10.7 billion. Despite this increase, our report's 13 top retail and supermarket corporations included Amazon and Walmart among the least charitable. The two businesses might have quadrupled the additional COVID-19 compensation they provided to their employees during their last quarter and still outperformed last year in terms of profits.
The total COVID-19 compensation that Amazon and Walmart will have given to their frontline employees through the end of 2020 will make up a very small portion of the companies' extraordinary earnings and an even smaller portion of the astounding, pandemic-driven wealth created for their richest shareholders. Since the beginning of the pandemic, the stock prices of Amazon and Walmart have increased 70% and 36%, respectively. Even with the additional December bonuses that the two corporations announced earlier in the month, worker earnings will only have increased by 7% and 6%, respectively, by the end of the year.
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