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The biggest American companies have turned profits, laid off workers during the pandemic

The biggest American companies have turned profits, laid off workers during the pandemic
washingtonpost.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from washingtonpost.com Daily Mail and Mail on Sunday newspapers.

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America's biggest companies are flourishing during the pandemic — and putting thousands of people out of work


By DOUGLAS MACMILLAN, JONATHAN O CONNELL, PETER WHORISKEY AND CHRIS ALCANTARA | The Washington Post | Published: December 16, 2020
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As the coronavirus pandemic devastated small businesses and plunged millions of Americans into poverty this summer and fall, executives at some of the country s largest corporations sounded surprisingly upbeat.
I don t think we ve ever been more excited or energized about our prospects, PayPal finance chief John Rainey said on a November conference call. ....

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Report: Millions of full-time US workers get government aid


Report: Millions of full-time US workers get government aid
4 months 3 weeks 1 day ago
Friday, November 20 2020
Nov 20, 2020
November 20, 2020 12:17 PM
November 20, 2020
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Source: WBRZ Staff
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WASHINGTON (AP) Millions of Americans who are working full-time jobs still rely on federal health care and food assistance programs because of low wages, a bipartisan congressional watchdog says.
A report from the Government Accountability Office found that about 70% of adult workers participating in Medicaid, which provides health care to low-income Americans, and the Supplemental Nutrition Assistance Program, also known as food stamps, are working full time.
The report was requested by Sen. Bernie Sanders, I-Vermont, who said its findings show an urgent need to raise the federal minimum wage. ....

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Many Workers at Largest Corporations in US Depend on Federal Benefits to Survive


Many Workers at Largest Corporations in US Depend on Federal Benefits to Survive
A man sanitizes shopping carts as people line up early morning at Walmart during Black Friday amid the COVID-19 pandemic in New Jersey, on November 27, 2020.
Tayfun Coskun / Anadolu Agency via Getty Images
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Millions of Americans employed at some of the country’s largest companies have had to rely on food stamps and Medicaid, with giants like Walmart and McDonald’s employing the most workers whose income is subsidized by taxpayers, according to a new study.
The Government Accountability Office, a nonpartisan congressional watchdog, released a study commissioned by Sen. Bernie Sanders, I-Vt., last month based on data provided by 11 states. ....

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