policymic:Wall Street made more in bonuses than the combined salary of every American on minimum wag
policymic:Wall Street made more in bonuses than the combined salary of every American on minimum wageAccording to the Institute for Policy Studies, 2013 was the year the New York financial industry’s bonus pool exceeded the cumulative annual earnings of the 1 million Americans working full-time at the federal minimum wage. Wall Street’s 165,200 employees got a total of $26.7 billion in bonuses — payments made on top of their normal salary and commissions — or more than enough to double the salary of the 1,085,000 Americans working 40 hours or more at $7.25.Read more | Follow policymic -- source link
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