It can be hard to grasp just how much money is concentrated in just a few hands in our lopsided economy today. But here’s a start: The richest three people in the United States — Jeff Bezos, Bill Gates and Warren Buffett — together have more wealth than the entire bottom half of the country combined.
To put an even finer point on it: That’s three people versus about 160 million people.
To really comprehend just how insane the wealth concentration has become, consider Bezos, the head of Amazon. Worth about $90 billion, he recently was declared the richest man in the world. In October alone, his wealth jumped by $10 billion — or about $4 million per second.
Given his massive wealth, one might imagine that his company has enough to pay its warehouse workers a minimum of $15 an hour. But apparently it doesn’t. Amazon pays some of its workers as little as $12.84 an hour.