Jeff Bezos was paid 58 times that in 2020, with an annual compensation of $1,681,840. He made tens of billions more as Amazon's stock increased.
- The median Amazon worker made $29,007 in 2020, a $159 increase from the year prior.
- The CEO-to-worker pay ratio is 58:1 at Amazon, which is lower than Walmart, CVS, and others.
- Amazon raised its minimum wage in the US to $15 per hour in 2018.
The median Amazon worker made $29,007 in 2020, according to the company's annual proxy statement.
The median pay, calculated using the compensation of all full- and part-time permanent and temporary employees worldwide except the CEO, was a $159 increase from the year prior.
Bezos procured multiple times that in 2020, with a yearly pay of $1,681,840, equivalent to the year earlier. At the end of the day, he makes more in multi week than the middle Amazon laborer.
The organization noted other significant partnerships have considerably higher CEO-to-specialist pay proportions, with Walmart's at 983:1, and CVS at 434:1, as indicated by Payscale.com.
Yet, that is only Bezos' compensation. The Amazon CEO's total assets expanded by a huge number of dollars during the COVID-19 pandemic as the organization's offers revitalized in the midst of the ascent in web based shopping. Bezos possesses about 10% of Amazon stock or 53 million offers.
The CEO, who is venturing down from his job in the not so distant future, has an almost $200 billion fortune, making him the most well off individual on the planet. He's matched by Tesla CEO Elon Musk, whose value has passed multiple times this year, as per Fortune. In any case, Bezos stays at the top.
Concerning Amazon's US full-time workers, they saw even more a pay support in 2020.
The organization announced a middle yearly remuneration of $37,930, an increase in $1,290, coming about because of "extraordinary rewards and impetuses granted to our groups in 2020 in acknowledgment of their job serving networks during the COVID-19 pandemic," Amazon said in its intermediary.
Four months into the pandemic last June, Amazon dropped its $2-per-hour danger pay knock for 250,000 stockroom laborers as the organization declared its most elevated deals development in three years. Amazon said the lift was consistently brief.
Full-time US laborers likewise got an inexact $1,500 support in 2019 from the year earlier after the web based business goliath raised its US the lowest pay permitted by law toward the finish of 2018 to $15 60 minutes. The organization had confronted analysis for the compensation hole among laborers and C-suite chiefs, CNBC revealed at that point.
In his last letter to investors as CEO, Bezos composed that, "More than two years prior, when we set a $15 the lowest pay permitted by law for our hourly workers, we did so in light of the fact that we needed to lead on compensation - not simply run with the pack - and in light of the fact that we trusted it was the best activity." The organization recently got down on other large managers, including Walmart, for not raising its wages to $15.
Bezos said in the letter the company is aiming to be "Earth's best employer."
The company has received criticism over its working conditions, especially for drivers, who have reported urinating in water bottles and defecating in bags when on the clock.
However, two workers at the Bessemer, Alabama warehouse, which voted against forming a union earlier this month, said they didn't want a union because of the good pay and benefits at the company.