While U.S. politicians are increasingly calling for stronger antitrust regulation of big technology companies, it’s worth considering some of the positive impact they have had as they grow. The top five U.S. tech giants – Microsoft, Apple, Amazon, Google parent Alphabet and Facebook – created more than 1 million jobs in the U.S. between 2000 and 2018.
Amazon is the only company to count part-time employees as the top five tech giants have jobs by the end of 2018
Alphabet has grown the fastest in terms of the number of employees since 2000 (the earliest available data), with 347 times as many employees in 2018 as in 2001. At the same time, Amazon has 72 times as many employees in 2018 as it did in 2000.
Amazon has created more jobs than the other four companies combined. However, the company has hundreds of thousands of employees in job positions such as fulfillment centers and distribution, many of whom start at $15 an hour.
Amazon is also the only one of the top five technology companies to include part-time employees in the total number of employees. Amazon had 647,500 employees at the end of December 2018 and is likely to fluctuate due to seasonal demand.
Similarly, many Apple employees work in jobs such as retail or customer service, and their wages are lower.
The number of contract workers employed by all these companies is not taken into account. Last summer, for example, it was reported that about half of Google’s employees were contract workers.
Finally, while these companies have added jobs, they have also upended the industry as a whole, resulting in massive job losses. For example, the popularity of Apple’s iPhone has led to the decline of many other phone makers, including BlackBerry and Nokia, while Amazon and other e-commerce companies may have contributed to the collapse of shopping malls and retail chains.