Sarah Anderson: Wall Street Bonus Pool

Posted by admin on Sunday, October 18, 2015

Sarah Anderson #IncomeInequality Quote saying bonuses paid to Wall Street employees is twice what ALL U.S. minimum wage employees earned. Sarah Anderson said:
 
bonuses doled out to Wall Street employees is double the annumal pay for all Americans who work at the minimum wage Quote
 

“The $28.5 billion in bonuses doled out to Wall Street employees is double the annual pay for all 1,007,000 Americans who work full-time at the current federal minimum wage of $7.25 per hour” — Sarah Anderson

 

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Sarah Anderson appears to be drawing attention to the vast disparity between compensation at the top of the financial industry versus the bottom rungs of the job market. She notes that the total bonuses awarded on Wall Street in a given year are over double the total annual wages of all American workers earning the current federal minimum wage when working full-time.

Anderson’s quote highlights how large bonuses are on Wall Street, while also juxtaposing this with how many low-wage jobs do not provide a living wage. She seems to be implicitly criticizing this huge gap and suggesting it reflects imbalances in the economy and priorities of corporations to enrich high earners rather than fairly pay all workers.

 

Wall-Street-Bonuses-2X-Min-Wage-Earnings

Source: Institute for Policy Studies

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