Bezos, the founder of Amazon, is the richest man in the world, but he is not generous to his employees. Amazon’s median pay is $28,836, according to the Congress of Industry and Industry. Amazon ranks lowest among tech companies in the U.S. controlled by billionaire founders or major shareholders. Amazon’s figure is lower than the median net u.S. salary in 2018 ($32,838).
With such low pay, it’s no wonder that Us Democratic presidential candidate Bernie Sanders can’t resist criticism. Last September, Sanders claimed that Bezos was a representative of income inequality. He also said Bezos earns more in 10 seconds than the average employee earns a year.
Why is Amazon’s median pay is so low? Because Amazon’s fulfillment centers, distribution operations centers and others have a lot of work to do, pay is already low. As for work such as software development, Amazon’s pay is still competitive. Amazon, for example, can pay $99,444 for a relatively junior software engineer.
In fact, the pay imbalance between Bezos and its employees is much better than that of other companies in the S.P. 500. In 2018, Bezos’s pay ratio with its employees was 58:1, while the average pay ratio for companies in the S.P. 500 was 287:1.
Many consider Facebook to be the ideal place to work, with a median salary of $228,651, and Zuckerberg is arguably the world’s most generous tech billionaire. Dell’s median salary was $88,459, coming in third place. Oracle’s median salary is $83,813.
Look at Tesla, whose median pay is $56,163, and Tesla CEO Elon Musk’s pay-to-employee ratio of 40,668:1, which is fairly uneven. Musk’s total compensation last year was $2,284,4884 ($2.284 billion).