Yet Another Company Announces One-Time $1,000 Bonuses

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Walmart is the latest employer to hand out one-time bonuses to all its workers:

Wal-Mart Stores Inc. said it would raise starting pay to $11 per hour for all its U.S. employees and hand out one-time bonuses as competition for low-wage workers intensifies and new tax legislation will add billions to the retailer’s profits….The company said the salary change would add $300 million to its annual expenses and it expects to take a $400 million charge in the current quarter for the one-time bonus. The amount of the bonus will vary based on length of service, reaching up to $1,000 for an individual with 20 years of service.

As usual, this is supposedly due to the transformational magic of the tax cut bill. Fine. But what’s the deal with the $1,000 bonus? Every company that announces something includes a $1,000 bonus. Is this just a bizarre coincidence? Some kind of herd effect? Or did the idea originate somewhere? It can hardly be a coincidence that so many companies are suddenly handing out exactly $1,000 to all their employees.

UPDATE: Walmart is also closing 63 Sam’s Club stores and laying off hundreds of workers. Oddly, there is no mention of whether this is also due to the tax bill.

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SIX TRUTHS

Reclaiming power from those who abuse it often starts with telling the truth. And in "This Is How Authoritarians Get Defeated," MoJo's Monika Bauerlein unpacks six truths to remember during the homestretch of an election where democracy, truth, and decency are on the line.

Truth #1: The chaos is the point.

Truth #2: Team Reality is bigger than it seems.

Truth #3: Facebook owns this.

Truth #4: When we go to work, we're in the fight.

Truth #5: It's about minority rule.

Truth #6: The only thing that can save us is…us.

Please take a moment to see how all these truths add up, because what happens in the weeks and months ahead will reverberate for at least a generation and we better be prepared.

And if you think journalism like Mother Jones'—that calls it like it is, that will never acquiesce to power, that looks where others don't—can help guide us through this historic, high-stakes moment, and you're able to right now, please help us reach our $350,000 goal by October 31 with a donation today. It's all hands on deck for democracy.

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