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Related: Editorials & Other Articles, Issue Forums, Alliance Forums, Region ForumsIf You Own a Pitchfork, You Will Grab It When You See This Chart
This statistic provides a pretty compelling snapshot of the severity of our income gap: In 2014, Wall Street's bonus pool was roughly double the combined earnings of all Americans working full-time jobs at minimum wage.
That sobering tidbit came from a new Institute for Policy Studies report by Sarah Anderson, who looked at new figures from the New York State Comptroller and the Bureau of Labor Statistics. The average bonus for one of New York City's 167,800 employees in the securities industry came out to $172,860on top of an average salary of nearly $200,000. On the other side of the equation were about one million people working full time at the federal minimum wage of $7.25.
http://www.motherjones.com/mojo/2015/03/income-inequality-chart-wall-street-bonuses-minimum-wage
mopinko
(70,112 posts)he get more in bonuses and stock than in salary.
it's nuts.
Lucky Luciano
(11,257 posts)mopinko
(70,112 posts)Liberal_in_LA
(44,397 posts)daleanime
(17,796 posts)I could afford a pitchfork.
Fuddnik
(8,846 posts)Just the way I like it.
marble falls
(57,097 posts)BlueJazz
(25,348 posts)Rex
(65,616 posts)I'd eat a pitchfork if one fell from the heavens. I don't even know what Wall Street is...something like the Emerald City? Sounds like a fantasy, nobody really believes in that kind of stuff do they? Urban legends
hopemountain
(3,919 posts)d'arby o'gill?
AndyTiedye
(23,500 posts)Broke a brand-new pitchfork the first time I tried to use it in the vegetable garden.
Took it back, and the store didn't have any more.
They were SOLD OUT OF PITCHFORKS.
marble falls
(57,097 posts)gregcrawford
(2,382 posts)... will pierce the tough scales of corporatist reptiles much more easily than the blunted points of a spade fork. Now, if the peasants storming the castle had automatic weapons...!
MelungeonWoman
(502 posts)They work great in the garden.
dixiegrrrrl
(60,010 posts)They are what Smith and Hawkins used to be before they changed their products.
Ok..now returning you to the OP........
hankthecrank
(653 posts)They have some very neat stuff
Woodworking
Metal hardware
Initech
(100,079 posts)billhicks76
(5,082 posts)Some people just don't like sharing.
kpete
(71,994 posts)"Community"
peace to you billhicks76,
kp
hobbit709
(41,694 posts)hifiguy
(33,688 posts)Like, yesterday.
miyazaki
(2,243 posts)blackspade
(10,056 posts)This should be national news...alas, not so much...
libodem
(19,288 posts)Will travel.
Coventina
(27,120 posts)Probably not the most formidable of weapons.
WillyT
(72,631 posts)Tsiyu
(18,186 posts)to a Free Market economy!!!!!!
Like, what the fuck is stopping these people? They aren't rewarded ENOUGH?
Folks, the above charts show unfettered capitalism in all it's cruel glory.
But Ted Cruz et al INSIST if we have MORE of this free fucking economy, it will create more jobs.
The stupid. It burns. Because people bob their heads up and down and clap their hands when he tells them this tall tale. They buy it, as their wages shrink and their pensions disappear and their savings vanish.
peacebird
(14,195 posts)SpankMe
(2,957 posts)The first paragraph of the MoJo article says Wall Street's bonus pool was ...roughly double the combined earnings of all Americans working full-time jobs at minimum wage.
But the second paragraph compares the sum of all Wall Street bonuses to one million minimum wage workers. The total wages of all minimum wage workers in the U.S. would be in the hundreds of billions.
It's still an outrage. But the combined wages of all min wage workers on America are far more that $14B.
July
(4,750 posts)you will see both mention that it is full-time minimum wage workers' earnings being discussed. The Times's article cites a BLS number of 1.03 million full-timers at minimum wage.
You are correct that there are many more minimum wage workers if all part-timers and full-timers are counted.
hugo_from_TN
(1,069 posts)So this would indicate that only 0.8% of full time workers make minimum wage. Much lower than I would have thought if these numbers are true.
Curmudgeoness
(18,219 posts)I am sure that they are using the "federal minimum wage", and many states have higher minimum wages than the federal, so whole states would not be included in that number. Also, if someone is making 10 cents over the minimum wage, they will not be included in this, but they will still be poor. With all the factors, it is hard to do a calculation.
hugo_from_TN
(1,069 posts)BubbaFett
(361 posts)Tuesday Afternoon
(56,912 posts)chknltl
(10,558 posts)Besides, the chart is pink, obviously created by gays or women, neither of which have opinions worth hearing. (Fellow DUers please note, obviously I am being sarcastic but in this dumbed down country rife with racism, sexism, homophobia and STUPID, there most assuredly are citizens out there who think this way....and they vote too!!!) KnR for those pitchfork owners who aren't racists, homophobes, sexists and for everyone else with a little moral decency too.....especially if the vote.
Fantastic Anarchist
(7,309 posts)I'm not very handy, but I'm willing to chip in to make a few.
Fuddnik
(8,846 posts)Marx said, when we hang the capitalists, we'll buy the rope from them.
Fantastic Anarchist
(7,309 posts)Capitalism will eat itself.
Helen Borg
(3,963 posts)That Wall Street got the redder rectangle.
whatchamacallit
(15,558 posts)Dumbass Americans will fight to the death to defend a system most of them will never benefit from.
raouldukelives
(5,178 posts)It is reverse socialism. With all the gains going to the top and all the losses absorbed by the bottom.
We live under corporate totalitarianism. There are those who labor for and benefit from it and there are those who are serious about issues like saving democracy, climate change and the death of our ecosystems.
Dont call me Shirley
(10,998 posts)PS. I do have a nice old (well made) pitchfork. And a good grinder with a good sharpening wheel.
ReRe
(10,597 posts)... just bring red ants.
KamaAina
(78,249 posts)BrotherIvan
(9,126 posts)Yay!
truedelphi
(32,324 posts)Bernanke and Geithner who instituted most of the policies that allowed for this crap.
Not that a Republican in office at 1600 Pennsylvannia would have done better - but that should be a fact people think about: No matter who the top people are for the top positions, be they Democratic or Republican, they won't be looking out for Ma and Pa Middle class.
BrotherIvan
(9,126 posts)shenmue
(38,506 posts)mountain grammy
(26,622 posts)Get rid of the federal minimum wage.....problem solved.
SomethingFishy
(4,876 posts)Americans love "wealth creation" and we certainly can't have "soak the rich" as our party platform.