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kpete

(71,994 posts)
Mon Mar 16, 2015, 10:44 PM Mar 2015

If 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 $172,860—on 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

53 replies = new reply since forum marked as read
Highlight: NoneDon't highlight anything 5 newestHighlight 5 most recent replies
If You Own a Pitchfork, You Will Grab It When You See This Chart (Original Post) kpete Mar 2015 OP
stbex works in the financial industry. mopinko Mar 2015 #1
Who is stbex? nt Lucky Luciano Mar 2015 #23
soon to be ex husband. nt mopinko Mar 2015 #31
wow Liberal_in_LA Mar 2015 #2
Makes me wish.... daleanime Mar 2015 #3
I've got one. It's dull and rusty. Fuddnik Mar 2015 #7
Keep the rust, but sharpen it. marble falls Mar 2015 #17
I don't have one either but I'm soon headed to the store. I'll pick one up for you. BlueJazz Mar 2015 #40
kr ND-Dem Mar 2015 #4
Who has money for a pitchfork? The mill broke and now we go poor and starve. Rex Mar 2015 #5
whom might this be? hopemountain Mar 2015 #6
The Pitchforks They're Selling Today are So Flimsy that the 1% Have Nothing to Fear AndyTiedye Mar 2015 #8
Pitch forks are for 'pitching' hay, straw, grass, what you need is a "turning fork" or "spade fork" marble falls Mar 2015 #18
Ah, but a pitchfork's sharp, narrow tines... gregcrawford Mar 2015 #19
Get a roofing fork. MelungeonWoman Mar 2015 #34
We get our garden tools from here: dixiegrrrrl Mar 2015 #42
Thanks for the link hankthecrank Mar 2015 #49
Time to open Trusty Initech's Pitchforks And Torches Emporium. Initech Mar 2015 #9
Stunning billhicks76 Mar 2015 #10
no sense of kpete Mar 2015 #11
Hell with the pitchforks. time for a shortening. hobbit709 Mar 2015 #12
Some folks need a shave from the National Razor. hifiguy Mar 2015 #20
Grab my chainsaw instead. n/t miyazaki Mar 2015 #13
Does a scythe work? blackspade Mar 2015 #14
Have 2 pitch forks libodem Mar 2015 #15
I have a small one for stirring my compost heap. Coventina Mar 2015 #16
HUGE K & R !!! - THANK YOU !!! WillyT Mar 2015 #21
But, but, Ted Cruz et al INSIST we must get back Tsiyu Mar 2015 #22
The stoopid... It burns... You are so right. peacebird Mar 2015 #50
Conflict in the story. SpankMe Mar 2015 #24
If you follow the links in the OP (to Mother Jones and the NY Times) July Mar 2015 #27
There are 119 million full time workers in the U.S. hugo_from_TN Mar 2015 #32
Lots of reasons why that doesn't tell you everything. Curmudgeoness Mar 2015 #43
Very good points. I agree the graphic is very misleading. hugo_from_TN Mar 2015 #53
I'm gonna pick up my axe and fight like a farmer BubbaFett Mar 2015 #25
Hoarders. Tuesday Afternoon Mar 2015 #26
Citizens who work with pitchforks don't have time to read charts. chknltl Mar 2015 #28
Can someone help me build some guillotines? Fantastic Anarchist Mar 2015 #29
This one is available at Sam's Club. Fuddnik Mar 2015 #30
Yep ... Fantastic Anarchist Mar 2015 #33
It's outrageous.... Helen Borg Mar 2015 #35
CAPITALISM whatchamacallit Mar 2015 #36
Well, the problem is that it is not capitalism. raouldukelives Mar 2015 #44
I have honey and soon the ants will be out. Dont call me Shirley Mar 2015 #37
Save the honey... ReRe Mar 2015 #47
How about a torch? KamaAina Mar 2015 #38
Their bonuses paid with federal money BrotherIvan Mar 2015 #39
Sshh! No one here wants to reflect on how it was Obama's economic team of truedelphi Mar 2015 #41
I won't tell anyone if you won't... BrotherIvan Mar 2015 #46
Mother Macree shenmue Mar 2015 #45
Easy fix, just ask Jeb mountain grammy Mar 2015 #48
Hey, now quit it with the "Soak The Rich" rhetoric.. SomethingFishy Mar 2015 #51
LOL JonLP24 Mar 2015 #52
 

Rex

(65,616 posts)
5. Who has money for a pitchfork? The mill broke and now we go poor and starve.
Tue Mar 17, 2015, 12:10 AM
Mar 2015

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

AndyTiedye

(23,500 posts)
8. The Pitchforks They're Selling Today are So Flimsy that the 1% Have Nothing to Fear
Tue Mar 17, 2015, 01:36 AM
Mar 2015

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.

gregcrawford

(2,382 posts)
19. Ah, but a pitchfork's sharp, narrow tines...
Tue Mar 17, 2015, 12:50 PM
Mar 2015

... 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...!

dixiegrrrrl

(60,010 posts)
42. We get our garden tools from here:
Tue Mar 17, 2015, 06:34 PM
Mar 2015
https://www.leevalley.com/

They are what Smith and Hawkins used to be before they changed their products.

Ok..now returning you to the OP........

Tsiyu

(18,186 posts)
22. But, but, Ted Cruz et al INSIST we must get back
Tue Mar 17, 2015, 01:52 PM
Mar 2015

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.




SpankMe

(2,957 posts)
24. Conflict in the story.
Tue Mar 17, 2015, 02:30 PM
Mar 2015

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)
27. If you follow the links in the OP (to Mother Jones and the NY Times)
Tue Mar 17, 2015, 02:42 PM
Mar 2015

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)
32. There are 119 million full time workers in the U.S.
Tue Mar 17, 2015, 03:43 PM
Mar 2015

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)
43. Lots of reasons why that doesn't tell you everything.
Tue Mar 17, 2015, 06:51 PM
Mar 2015

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.

chknltl

(10,558 posts)
28. Citizens who work with pitchforks don't have time to read charts.
Tue Mar 17, 2015, 02:47 PM
Mar 2015

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.

Fuddnik

(8,846 posts)
30. This one is available at Sam's Club.
Tue Mar 17, 2015, 03:16 PM
Mar 2015


Marx said, when we hang the capitalists, we'll buy the rope from them.

whatchamacallit

(15,558 posts)
36. CAPITALISM
Tue Mar 17, 2015, 04:52 PM
Mar 2015


Dumbass Americans will fight to the death to defend a system most of them will never benefit from.

raouldukelives

(5,178 posts)
44. Well, the problem is that it is not capitalism.
Tue Mar 17, 2015, 07:09 PM
Mar 2015

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)
37. I have honey and soon the ants will be out.
Tue Mar 17, 2015, 05:21 PM
Mar 2015

PS. I do have a nice old (well made) pitchfork. And a good grinder with a good sharpening wheel.

truedelphi

(32,324 posts)
41. Sshh! No one here wants to reflect on how it was Obama's economic team of
Tue Mar 17, 2015, 06:26 PM
Mar 2015

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.

SomethingFishy

(4,876 posts)
51. Hey, now quit it with the "Soak The Rich" rhetoric..
Tue Mar 17, 2015, 10:07 PM
Mar 2015

Americans love "wealth creation" and we certainly can't have "soak the rich" as our party platform.

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