Become a Socialist With the CEO Pay Calculator
You’ve probably heard the anecdotal story that Jeff Bezos gets your paycheck in an absurdly short amount of time, but do you know how quickly? Well, SimpleTexting now has a CTO payroll calculator that can give you an incredibly accurate answer. You can also use it to figure out how quickly Elon Musk can pay off your mortgage, or that Mark Zuckerberg can pay off the average American student debt of $ 35,359 in 8 and a half minutes. Is Jeff Bezos making enough money to cover your living expenses in more or less time than it would take you to devote yourself to the struggle to burn capitalism to the ground? (The answer is less time – Bezos earns the annual rent for my two-bedroom apartment in Brooklyn in under 15 seconds.) (If you read at an average speed of about 300 wpm, it took you about 24 seconds to read the previous paragraph. ; according to the calculator, Jeff Bezos made a little over $ 62,000 during that time.) While there is nothing particularly unique about the huge sums accumulated by technology executives compared to, say, the banking sector, they have become notorious targets of proletarian ire. especially as their fortunes have grown despite the fact that the pandemic has damaged the wealth of average Americans (and black Americans in particular ). The SimpleText Calculator draws on data from 15 of the highest paid tech executives, from Bezos to Zuckerberg ( what a pool party it would be ). According to the site:
We calculate and as of 2019, the fifteen highest paid IT executives in the US have combined annual revenues of over $ 83 billion. We calculated annual earnings from SEC filings by collecting the sum of each CEO’s base salary, annual cash bonuses, annual share premiums (or equity returns), and other forms of compensation.
Simply select the CEO from the drop-down menu, select your salary or expenses, enter an amount and click Calculate to see how long it will take for the tycoon listed to mindlessly earn your life-changing financial profit in days, hours and minutes. Then you can share your results on Facebook – although I wouldn’t if you don’t agree to give everyone an easy way to figure out what you are doing, and also don’t mind using Facebook . SimpleText presents a calculator without much context, although it is clear that we must abandon the idea of the absurdity of executive compensation; According to a 2018 report by the Economic Policy Institute, executives pay 278: 1 compared to the average worker . You certainly already know that (again, according to the Economic Policy Institute) “high CEO wages are a major driver of rising inequality” and that “CEOs get more because of their power to set pay, not because they increase productivity or have special, in-demand skills. ” You are already angry. But now your anger is at least more accurate.