The TUC has released analysis that shows an Amazon warehouse worker would take over eight weeks, or 293 hours, to earn what Amazon CEO Jeff Bezos makes in a second.
The analysis is based on reports of Bezos’ earnings this year. Last year, using his 2019 earnings, the TUC estimated it would take an Amazon warehouse worker over five weeks to earn what Bezos makes in a second. The marked increase to eight weeks this year reflects the enormous takings of the internet giant during the coronavirus pandemic.
In 2020 Amazon has seen its market value rocket, registering US $96 billion (£72 billion) in revenue for the third quarter alone – equivalent to nearly £33 million an hour. And Jeff Bezos’ personal wealth has also skyrocketed, making him the first person ever to be worth US $200 billion (£149 billion).
The eight weeks figure is considered a conservative estimate, as Bezos’ Black Friday and Christmas earnings are yet to be released in what the Amazon CEO himself expects to be “an unprecedented holiday season”.
Despite huge profits, workers at Amazon describe gruelling conditions, unrealistic productivity targets, surveillance, bogus self-employment and a refusal to recognise or engage with unions unless forced.
According to the GMB Union, between 2015 and 2018, ambulances were called out 600 times to 14 Amazon warehouses in Britain due to workers collapsing in unsafe, high-pressure working conditions.
The TUC is calling on the government to bring forward its long-awaited employment bill to clamp down on the poor working practices rife in workplaces like Amazon, and to strengthen trade unions and collective bargaining.
TUC General Secretary Frances O’Grady said:
“Amazon’s bumper profits mean Christmas has come early for Jeff Bezos. Yet many of his staff continue to work in gruelling, exploitative conditions.
“Amazon workers have played a key role during this pandemic. The very least they deserve is dignity at work.
“If the government is serious about levelling up Britain, it needs to start by levelling up pay and conditions.
“Ministers must get on with bringing forward the long-awaited employment bill to end exploitative working practices like zero hours contracts and boost rights and pay.“
