In his YouTube talks about the pandemic, socialist economist Richard Wolff predicted the widespread layoffs. In the capitalist system, a relatively tiny number of corporation owners, directors, and executives make the decisions and lord it over employees. Their guiding principles are increasing profits and profit share. It is to their advantage, when negotiating wages, salaries, and working conditions with employees, to have in the community a large number of desperate for paychecks unemployed. Within that dynamic, people of color are first fired because America has a race-based caste system. There are other, better ways to organize the economic system of a society.