March 08, 2016
This Simple Fact Says Everything About The Sad State Of Minimum Wage
Wall Street’s bonuses were so lavish last year that they doubled the combined annual pay of the nation’s full-time minimum wage workers, according to a new report. Securities firms set…
Wall Street’s bonuses were so lavish last year that they doubled the combined annual pay of the nation’s full-time minimum wage workers, according to a new report.
Securities firms set aside $25 billion for bonuses for their roughly 172,000 New York City employees, the New York State comptroller said Monday.
That compares to the estimated $12 billion earned in 2014 by the 895,000 Americans who worked at least 35 hours a week for the federal minimum wage of $7.25 an hour, the Institute for Policy Studies said in a report Tuesday.
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