Wall street is doing well
Nicholas Kristof has this little interesting piece of economic information in his op-ed. I think it is staggering.
Quote:
The Wall Street bonus pool in 2014 was roughly twice the total annual earnings of all Americans working full time at the federal minimum wage.
You read that right: Just the annual bonuses for just the sliver of Americans who work just in finance just in New York City dwarfed the combined year-round earnings of all Americans earning the federal minimum wage.
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Full article is here:
http://www.nytimes.com/2015/05/03/op...-a-choice.html
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Men plug the dikes of their most needed beliefs with whatever mud they can find. - Clifford Geertz
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