Wall Street's Soaring Bonuses and the Minimum Wage
by Institute for Policy Studies on Mar 16, 2014 | Views: 303 | Score: 5
Sources:
osc.state.ny.us, toomuchonline.org
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by Institute for Policy Studies on Mar 16, 2014 | Views: 303 | Score: 5
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In 2013, the New York State comptroller reported last week, Wall Street banks handed out over $26 billion in bonuses to some 165,200 financial industry executives and staff. That total would be enough to more than double the compensation for the 1,085,000 Americans who work full-time at the current federal minimum wage of $7.25 an hour.