When billionaire Jeff Bezos canceled his health benefits on Sept. 13, part-time workers at his grocery store Whole Foods, the richest man in the world, saved the equivalent of what he did. he won in just a few hours.
This is evident from an analysis of Decision Data's "Data in the News" series, which revealed that Bezos could cover the full annual benefits of part-time employees working less than 30 hours a week with he won in shares and investments. a fraction of a day.
"Making a quick calculation with the publicly available figures shows that Bezos earns more money than the cost of a full year of benefits for those 1,900 employees in 2-6 hours," says Dr. # 39; study.
The analysis used an estimate that Whole Foods would contribute between $ 5,000 and $ 15,000 per year per employee for benefits. In the middle of this range, $ 10,000, which is $ 19 million a year.
Bezos earns just under $ 9 million at the hour, according to a 2019 report Internal business analysis, which would mean that he would earn enough money in just over two hours to cover the benefits he had removed. Decision Data was based on an earlier study that Bezos earned $ 4.5 million per hour to conclude that it would take about four and a half hours to cover costs.
"More than $ 110 billion CEO cuts health care for 2,000 workers after raising $ 9 million per hour," tweeted Economist Robert Reich, citing the 2019 Internal business Fig.
The discrepancy between Bezos' wealth and the cost of profits was noted by a number of observers.
"Jeff Bezos earns $ 3,182 per second," m said Jacobin writer Luke Savage.
The presidential candidate and former Secretary of Housing and Urban Development, Julián Castro, described the move as "shameful" and pointed out that the jewel of Bezos, the online retailer Amazon, paid nothing in taxes.
"Amazon does not pay any dollar in federal income taxes," Castro tweeted. "Jeff Bezos is the richest man in modern history yet they continue to degrade the rights of their workers."
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