5th Mar 2012

Wall St Bonuses - Like seriously?

As you can see from the graph the average cash bonus paid fell accordingly to the events of the financial crisis. So is Wall St also paying for the financial crisis they provoked? You know it already, of course not! The average pay is still 5.5 times higher than for other private-sector workers in News York. But there is even more…

Based on a calculation of The Economist the US is economic wise on the level of 2002. The calculation includes GDP, consumption, wages, house prices, wealth and unemployment. But now check again on the top: The bonuses of bankers are still about twice as much as in 2002.

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