this post was submitted on 13 Dec 2024
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Let off some steam... (lemmy.world)
submitted 2 weeks ago by [email protected] to c/[email protected]
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[โ€“] [email protected] 13 points 2 weeks ago* (last edited 2 weeks ago) (1 children)

The CEO earns ~262 times as much, which means they earn around a whole year's wage of an employee for each 8 hours they work.

Edit: And as I recall some billionaires earn a whole year's salary each hour, $280,000/hr

[โ€“] [email protected] 3 points 2 weeks ago* (last edited 2 weeks ago)

Jeff Bezos increased his net worth by $7B last year. Assuming an 8 hour work day, 5 days per week, 52 weeks per year, which is almost certainly more than he worked, but for the sake of math, let's assume that... He made $3,365,384.61 per hour last year. That's $56,089.74 per minute. He makes as much in one minute as one of his higher paid warehouse employees makes for the entire year. He made enough every hour for an average person to retire with. Think about that, 2080 people could have permanently retired in comfort for the rest of their lives with the money that a single man hoarded last year.