Money

Billionaires Add $1 Trillion To Their Net Worth As Millions Of Their Workers Struggle For Survival 

Throughout the timeline of the pandemic alone, billionaires in the US have collectively increased their net worth by more than $1 trillion. Many of these billionaire’s US workers, on the other hand, have been struggling to deal with unsafe working conditions that leave them susceptible to potential infection, and without hazard pay or any increase in compensation for working in a pandemic, many have been struggling for survival. 

Jeff Bezos, Amazon’s CEO and founder, added more than $70 billion to his new worth during the coronavirus pandemic, bringing his total net worth up to $185 billion. Workers at Amazon and Amazon-owned grocery chain Whole Foods have spent a majority of the pandemic protesting against the unsafe working conditions they’re being forced to work in, and the endless pressures from management to keep up with the overwhelming demand. 

Several workers who have participated or led protests at Amazon over working conditions specifically have alleged that they were fired as a result of their efforts to receive basic level safety. Profits and stockholder shares for the company have increased by billions of dollars throughout 2020, however, Amazon only provided a small fraction of those extra earnings in hazard pay and bonuses for workers on the frontline actually risking their lives everyday to further fill Bezos’ pockets. 

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In fact, Amazon ended all hazard pay back in June 2020, and instead has provided workers with sporadic one-time bonuses. On average workers have seen about a 99 cent increase in their paycheck during the pandemic, for comparison, Bezos earns about $11.7 million every single hour. 

“It’s infuriating that we live in fear every day because of minimal efforts to protect us, while executives take in tons of money while sitting safely at home.”

An anonymous employee working for Amazon recently spoke with the media about the conditions, and chose to keep their identity a secret out of fear that they would be left unemployed and with no source of income. “What they considered hazard pay was just for show. We couldn’t see a difference unless we were willing to work almost 60 hours a week. Several of us had no choice because we’re the breadwinners of our family.”

Jessica Oneto was a Whole Foods employee in California who quit in October 2020 partially due to the working conditions management was forcing upon its employees throughout the pandemic. 

“They gave us hazard pay for maybe a couple months. It was only $2 and they literally took it away as the pandemic got worse. One of the biggest companies couldn’t afford to keep it up?”

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Elon Musk, owner of Tesla Motors, earned an additional $140 billion throughout the pandemic, making him the wealthiest person in the world with a total net worth of $195 billion. Workers for Tesla have been subject to multiple factory Covid outbreaks, and unsafe conditions brought on by Musk himself, who defied local shutdown orders by reopening his plants and resuming factory production. 

Musk even went as far as to threaten his employees if they didn’t also defy the state lockdown orders by sending out an email that implied they would lose unemployment benefits if they didn’t show up to work and risk infection. At least two workers were fired for not showing up due to the fact that they were immunocompromised and worried about getting sick. 

“While people in cubicles stay home to work, we can’t do that and we don’t get any hazard pay/ Nothing has changed. Musk can afford to do so much more and he doesn’t. I find it sickening to see how much Elon Musk’s wealth has grown while we take all the risks. All we get is a ‘thank you so much’ email,” said a Tesla employee at the Fremont plant who also asked to remain anonymous for fear of retaliation. 

Another Fremont employee cited ongoing mistreatment toward Black workers at Tesla specifically: “Musk has not once addressed this issue in his workplace or supported Black Lives Matter. No hazard pay or bonus. They gave all regular workers their regular raise, but being that I’m maxed out at my position I didn’t get anything.”

As the old saying goes the rich get richer while the poor get poorer, and this global health crisis has truly exemplified that. The only positive that workers have seen come out of these obscene billionaire wealth increases is how much more it’s being discussed now. The power of social media has created a large conversation over how America specifically runs, and why it allows this handful of white men to hoard so much wealth while millions of Americans are on the brink of complete homelessness.

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