How much is Amazon worth to you?

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Professor Lee E. Ohanian and Jesus Fernandez-Villarverde were recently featured in The Hill on September 6, 2020 for their opinion piece regarding the success of Amazon and it’s place in our current economy. 

 

Excerpt: 

Jeff Bezos, founder of Amazon and owner of about 11 percent of Amazon stock, recently became the first person in history to be worth more than $200 billion. Bezos’s net worth has skyrocketed as Amazon’s share price increased about 85 percent since February, before the pandemic.

Bezos’s success, however, is not toasted in all quarters. Many despise that Bezos grows wealthier while many others are suffering during the pandemic. Just last week, protesters set up camp outside Bezos’s house with guillotine in hand, demanding that Bezos share his wealth and pay Amazon workers a $30 per hour minimum wage.

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