Moreover, the median employee's salary under Jeff Bezos' imperial lordship is $28,446. No one working a regular job there has paid off their credit cards and is driving to work in a Mercedes.
Jeff Bezos is referred to as The Richest Man in the World and his personal fortune, while growing by $191,000 each minute, is currently estimated at $168 billion.
$28,446 vs. $168,000,000,000? While I can acknowledge the simple math, I find the contrast of such numbers on a gut level difficult to grasp.
To get a handle on such inequality, let's try approaching it from different angles.
One way to put the disparity into perspective is to recognize it takes Bezos just under 9 seconds to earn what Amazon's median worker does in an entire year.
Another is to recognize that for a worker to go through Jeff Bezos' current personal fortune -- and of course, it continues mounting at accelerating levels as I write this -- at his/her current median annual income of $28,446 per year, WOULD TAKE 5,905,927 YEARS! That's close to 6 million years!
For Jeff Bezos himself to go through his current $168 billion, assuming his earnings stopped dead this very moment -- which as you and I know they won't -- SPENDING $1,000,000 A DAY, would take NEARLY 460 years. Yes, even spending $1 million a day, in the year 2475 he'd still have plenty of cash, tens of million of dollars mad money. We can feel confident that he wouldn't be foraging through the dumpster behind 7-11.
Now, further consider that while the $28,446 median salary is above the national poverty line for a single individual if that person is the sole breadwinner for a family of four, it is marginally above it, which is why many Amazon employees must rely on government assistance to keep from starving.
As well as calculation, I did some speculation -- a simple exercise in imagination.
Apparently Bezos' wealth generating machine is raking it in so fast, he's currently making $11.5 million per hour ... every hour ... 24 hours a day ... seven days a week. $11,500,000 per hour!
So here's what I was picturing in my mind's eye ...
If for 40 hours of the 168 hours in a week, Bezos were willing to scrape by on a mere $5,840,000 per hour, he could give every one of his 566,000 Amazon employees a $10 per hour raise. Of course, the remaining 128 hours in each week, Bezos could continue earning his normal $11.5 million per hour, not having to share any of it with the pathetic slobs who work for him.
Rhetorical question: Does Jeff Bezos have any concept of what that $10 per hour increase would mean to his employees?