Sunday, March 15, 2015

[NJFAC] Inequality and One Comparison: Wall St. bonus pool vs earnings of full-time, minimum wage workers

All You Need to Know About Income Inequality, in One Comparison

Justin Wolfers  MARCH 13, 2015 

The Wall Street bonus pool for last year is roughly double the total earnings of all Americans who work full time at the federal minimum wage.

That claim, which comes from a new report from Sarah Anderson of the Institute for Policy Studies, is one of the more striking sound bites I have heard in quite some time. And so I thought it worth digging in to the data to see if it checks out. Short answer: It does, although given the uncertainty in these sorts of calculations, the precise ratio could easily be a bit higher or lower.

Continue reading the main story

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