Amazon’s Impact on the US Economy: A Look at the Numbers
The rise of Amazon has been one of the most remarkable stories of the 21st century. Founded in 1994, the company has grown to become one of the largest and most influential companies in the world. Amazon’s impact on the US economy has been profound, and it is worth taking a closer look at the numbers to understand just how much of an impact the company has had.
First, let’s look at the size of Amazon’s business. The company’s revenue in 2019 was $280.5 billion, making it the second-largest company in the US by revenue. Amazon’s market capitalization is also impressive, with the company currently valued at over $1.6 trillion. This makes Amazon the second-most valuable company in the world, behind only Apple.
Amazon’s impact on the US economy goes beyond its size. The company has created hundreds of thousands of jobs in the US, with over 500,000 people employed by Amazon in the US as of 2019. This includes both direct and indirect jobs, such as those created by Amazon’s suppliers and partners. Amazon’s jobs are also well-paying, with the median salary for Amazon employees in the US being $34,123 in 2019.
Amazon’s impact on the US economy is also seen in its investments. The company has invested billions of dollars in the US, including in infrastructure, research and development, and job creation. Amazon has also invested heavily in the US economy through its acquisitions, such as its purchase of Whole Foods in 2017.
Finally, Amazon’s impact on the US economy is seen in its taxes. The company paid $1.1 billion in federal taxes in 2019, making it one of the largest corporate taxpayers in the US. Amazon also paid $1.2 billion in state and local taxes in 2019.
Overall, Amazon’s impact on the US economy has been significant. The company has created hundreds of thousands of jobs, invested billions of dollars in the US economy, and paid billions of dollars in taxes. Amazon’s impact on the US economy is likely to continue to grow in the years to come.
FAQs
Q: How many jobs has Amazon created in the US?
A: Amazon has created over 500,000 jobs in the US as of 2019.
Q: How much has Amazon invested in the US economy?
A: Amazon has invested billions of dollars in the US economy, including in infrastructure, research and development, and job creation.
Q: How much has Amazon paid in taxes in the US?
A: Amazon paid $1.1 billion in federal taxes in 2019, and $1.2 billion in state and local taxes in 2019.
