I know. I’ve harped on this theme before, but while frustrating, it’s important.
Look at the ninety-one thousand people who like this Tweet. Do they accept what’s Tweeted as fact? Have they taken the time to really think about what is being said?
If Amazon gave all its employees a $3.00 an hour raise, it would equal roughly 22% of Amazon’s 2021 net income, an exceptional sales year helped by the pandemic. The raise would be permanent, high level online spending perhaps not so much.
Even more important in the context of the Sanders Tweet, Bezos owns less than 10% of Amazon stock. His wealth was generated by Amazon, but like any good investor, he is now well diversified.
The Amazon minimum wage is already $15.00 an hour or higher – the long-standing Sanders mantra. Bezos is no longer Amazons CEO (executive chairman).