+
Walmart giving $550 million 'mini-stimulus' to its employees who are carrying on during the virus
via Today's Headlines / Twitter

The coronavirus pandemic is drastically changing the economy minute by minute. Businesses such as restaurants, bars, and brick-and-mortar retail stores have been hit hard and, in some states, are totally shut down.

However, other businesses such as grocery stores, online retailers, and food delivery services are thriving in the new normal.

The good news is that displaced workers from one part of the economy have opportunities for jobs in another sector. Papa John's and Dominoes are looking to hire thousands of delivery drivers due to the high demand for pizza.

Amazon is announced it'll hire an additional 100,000 employees to help keep up with the surge in online shopping.


Walmart has seen a huge surge in business as people stock up during the pandemic.

"It is quite frankly, unprecedented, the type of sustained pressure that we're seeing," Dan Bartlett, Walmart's executive VP of corporate affairs, told CNBC. "It is like Black Friday day after day after day in some respects."

The surge in business has inspired the notoriously thrifty employer to hand out bonus checks to its hourly employees for their hard work during a dangerous time. On Thursday, it announced it will provide more than $550 million in cash bonuses to its hourly employees.

Full-time hourly associates will receive $300 and part-time will receive $150. The bonuses will be paid out starting April 2.

"It's almost like a mini stimulus package for Walmart associates," Bartlett said.

Walmart is the largest employer in the United States with 1.3 million employees, so the bonuses will have a positive economic effect on the country as a whole.

"Walmart associates have gone above and beyond the call of duty in serving our customers during these unprecedented times," President and Chief Executive Officer Doug McMillon said.

Walmart is looking to hire 150,000 new associates to work in stores, clubs, distribution centers and fulfillment centers through the end of May to meet the demand caused by the pandemic.

The retailer has also announced that it will raise the entry wage at its e-commerce warehouses by $2, which adds up to between $15 to $19 an hour.

The company has fast-tracked its hiring process to "dramatically expedite" hiring for key roles, such as cashiers and stockers, shortening the application process from two weeks to just 24 hours.

Walmart's decision to raise wages and provide bonuses for employees is a great gesture during these uncertain times. However, it should be mentioned that while Walmart is providing a "stimulus" right now, it's also been historically guilty of putting a drag on the economy by paying low wages.

"When Walmart comes to town, it is going to reallocate sales [from existing grocers], and its impact is going to be a function of the difference between what is currently being paid in wages at the existing stores and what Walmart pays," Christopher Fowler, a researcher for Puget Sound Sage, told Business News Daily.

"These impacts stem from the low wages Walmart pays to its hourly associates compared to the wages earned by comparable employees of existing retail grocery stores," the researchers said.

"The difference in wages, which we estimate to be at least $3 per hour, has the capacity to impact not only the workers themselves but also the people from whom they purchase goods and services," the researchers continued.

Photo: Jason DeCrow for United Nations Foundation

Honorees, speakers and guests on stage at We the Peoples

True

Some people say that while change is inevitable, progress is a choice. In other words, it’s a purposeful act—like when American media mogul and philanthropist Ted Turner established the United Nations Foundation 25 years ago.

Keep ReadingShow less

Chris Hemsworth and daughter.

This article originally appeared on 08.27.18


In addition to being the star of Marvel franchise "Thor," actor Chris Hemsworth is also a father-of-three? And it turns out, he's pretty much the coolest dad ever.

In a clip from a 2015 interview on "The Ellen DeGeneres Show," Hemsworth shared an interesting conversation he had with his 4-year-old daughter India.

Keep ReadingShow less
True

Innovation is awesome, right? I mean, it gave us the internet!

However, there is always a price to pay for modernization, and in this case, it’s in the form of digital eye strain, a group of vision problems that can pop up after as little as two hours of looking at a screen. Some of the symptoms are tired and/or dry eyes, headaches, blurred vision, and neck and shoulder pain1. Ouch!

Keep ReadingShow less
Joy

A 92-year-old World War II fighter pilot flies her plane for the first time in 70 years.

"It's the closest thing to having wings of your own and flying that I've known."

Photo pulled from BBC YouTube video

World War II vet flys again.

This article originally appeared on 05.19.15


More than 70 years after the war, a 92-year-old World War II veteran took to the sky once again.

It's been decades since her last flight, but Joy Lofthouse, a 92-year-old Air Transport Auxiliary veteran, was given the chance to board a Spitfire airplane for one more trip.


Keep ReadingShow less

This article originally appeared on 08.20.21


Sometimes you see something so mind-boggling you have to take a minute to digest what just happened in your brain. Be prepared to take that moment while watching these videos.

Real estate investor and TikTok user Tom Cruz shared two videos explaining the spreadsheets he and his friends use to plan vacations and it's...well...something. Watch the first one:

So "Broke Bobby" makes $125,000 a year. There's that.

How about the fact that his guy has more than zero friends who budget $80,000 for a 3-day getaway? Y'all. I wouldn't know how to spend $80,000 in three days if you paid me to. Especially if we're talking about a trip with friends where we're all splitting the cost. Like what does this even look like? Are they flying in private jets that burn dollar bills as fuel? Are they bathing in hot tubs full of cocaine? I genuinely don't get it.

Keep ReadingShow less
Pop Culture

Someone asked strangers online to share life's essential lessons. Here are the 17 best.

There's a bit of advice here for everyone—from financial wisdom to mental health tips.

Photo by Miguel Bruna on Unsplash

Failure is a great teacher.

It’s true that life never gets easier, and we only get continuously better at our lives. Childhood’s lessons are simple—this is how you color in the lines, 2 + 2 = 4, brush your teeth twice a day, etc. As we get older, lessons keep coming, and though they might still remain simple in their message, truly understanding them can be difficult. Often we learn the hard way.

The good news is, the “hard way” is indeed a great teacher. Learning the hard way often involves struggle, mistakes and failure. While these feelings are undeniably uncomfortable, being patient and persistent enough to move through them often leaves us not only wiser in having gained the lesson, but more confident, assured and emotionally resilient. If that’s not growth, I don’t know what is.

Keep ReadingShow less