'Jeff Bezos is expected to become the 1st trillionaire as he consolidates the retail market during coronavirus,' Representative Bonnie Watson Coleman tweeted.
"We are grateful to associates supporting customers during a time of increased demand, and are returning to our regular pay and overtime wages at the end of the month," they said.
Amazon originally announced the temporary pay increase on March 16 and later extended it until May 16. It was then extended again through the end of the month. The news that the hazard pay would end was"We're going to do one more extension on it and push it out until the end of the month," Dave Clark, Amazon's senior vice president of worldwide operations, told the news site.
"We continue to see incredible demand from customers right now and ... our team's response in coming back to work has been really great as well," Clark added."We think it's the right thing for employees and the right thing for customers to keep it on for a couple of weeks." Amazon CEO Jeff Bezos speaks at the the 70th International Astronautical Congress at the Walter E. Washington Convention Center in Washington, D.C. on October 22, 2019Bezos and Amazon have faced criticism for years. While Bezos has become the richest man in the world, with an estimated net worth of $143 billion according to Bloomberg, many have criticized the relatively low wages and working conditions faced by Amazon warehouse employees.
A new analysis by Comparisun, a company that allows firms to compare different business products, shows that Bezos is on track to become the world's first trillionaire. According to analysis, the Amazon CEO's net worth grew by about 34 percent over the past five years. Already Bezos has seen his fortune surge by more than $28 billion since last year.
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Jeff Bezos ‘Trillionaire’ Is Trending On Twitter. Here’s WhyI am a breaking news reporter for Forbes in London, covering Europe and the U.S. Previously I was a news reporter for HuffPost UK, the Press Association and a night reporter at the Guardian. I studied Social Anthropology at the London School of Economics, where I was a writer and editor for one of the university’s global affairs magazines, the London Globalist. That led me to Goldsmiths, University of London, where I completed my M.A. in Journalism. Got a story? Get in touch at isabel.togohforbes.com, or follow me on Twitter bissieness. I look forward to hearing from you.
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