QuestionHow many lifespans would it take for an employee earning \$13/hour to match Jeff Bezos' \$143.1 billion net worth? Round to the nearest whole number.
Studdy Solution
STEP 1
Assumptions1. Jeff Bezos' net worth is 13 per hour3. The estimated lifespan of the employee is71 years4. The employee works24 hours a day, every day of the year from the moment of his birth
STEP 2
First, we need to find out how much the employee earns in a year. We can do this by multiplying the hourly wage by the number of hours in a year.
STEP 3
Now, plug in the given values for the hourly wage and the number of hours in a year (24 hours/day *365 days/year) to calculate the yearly earnings.
STEP 4
Calculate the yearly earnings.
STEP 5
Now that we have the yearly earnings, we can find out how much the employee earns in his lifespan. We can do this by multiplying the yearly earnings by the lifespan.
STEP 6
Plug in the values for the yearly earnings and the lifespan to calculate the lifespan earnings.
STEP 7
Calculate the lifespan earnings.
STEP 8
Now that we have the lifespan earnings, we can find out how many lifespans it would take for the employee to earn wages equivalent to Jeff Bezos' net worth. We can do this by dividing Jeff Bezos' net worth by the lifespan earnings.
STEP 9
Plug in the values for Jeff Bezos' net worth and the lifespan earnings to calculate the number of lifespans.
STEP 10
Calculate the number of lifespans.
STEP 11
Since we cannot have a fraction of a lifespan, we round the number of lifespans to the nearest whole number.
It would take approximately17704 lifespans for the employee to earn wages equivalent to Jeff Bezos' net worth.
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