Wall Street Bonuses Twice Earnings of All Minimum Wage Earners
Institute for Policy Studies
Wall Street banks handed out $28.5 billion in bonuses last year, on top of base salaries, which averaged $190,970 in 2013. Those bonuses are double the annual pay for all 1,007,000 Americans who work full-time at the current federal minimum wage of $7.25 per hour; enough to lift all 2.9 million restaurant servers and bartenders, all 1.5 million home health and personal care aides, or all 2.2 million fast food preparation and serving workers up to $15 per hour.
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