2014 totals
Wall Street bonuses $28.5 billion
All full-time minimum wage earnings $14 billion
http://www.ips-dc.org/deep-end-wall-street/ …
Off the Deep End: The Wall Street Bonus Pool and Low-Wage Workers
The financial industry’s 2014 bonuses
were double the combined earnings of all Americans who work full-time at
the federal minimum wage.
Wall Street banks handed out $28.5 billion in
bonuses to their 167,800 employees last year, up 3 percent over 2013,
according to new figures from the New York State Comptroller. These annual bonuses are an extra reward on top of base salaries in the securities industry, which averaged$190,970 in 2013.
To put these figures in perspective, we’ve compared the Wall Street
payout to low-wage workers’ earnings. We’ve also calculated how much
more of a national economic boost would be gained if similar sums were
funneled into the pockets of the millions of workers on the bottom end
of the pay scale.For full sources and methodology, download the full report [PDF].
http://www.ips-dc.org/deep-end-wall-street/
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