Friday, October 14, 2011

Pity the Poor Traders on Wall Street

They're whining about only making $500,000 a year.

Look at this graph:


The average pay on Wall Street is over $360,000 a year. The average private sector job in New York City pays $66,000. That's averaging in everyone from a janitor to the corporate executives headquartered in NYC, so it's a safe bet that the majority of the private sector workers aren't pulling in $66K a year.

(We really do need to start up the guillotine factory.)

6 comments:

  1. While waiting for the guillotine, may I recommend the many lamp posts available around the area. Ca Ira.

    ReplyDelete
  2. We'd better hurry, before the lamp posts are all pulled up and sold to the highest bidder, to pay for overtime pay for the cops beating up the victims of those tall graph bars.

    ReplyDelete
  3. I recommend Kevin Drum:
    http://motherjones.com/kevin-drum
    for chapter and verse on this. A few more graphs.
    Household income vs> Unemployment:
    http://www.motherjones.com/files/images/blog_household_income_index.jpg
    Falling taxes do NOT improve the economy:
    http://www.motherjones.com/files/images/blog_tax_rate_changes.jpg
    How income is shared out:
    http://www.motherjones.com/files/images/blog_income_shares_1979_2007_2.jpg
    How WallSt. proftis are right back up:
    http://www.motherjones.com/files/images/blog_financial_profits_2011.jpg

    :(

    ReplyDelete
  4. "Alors, enfants de la Patrie,
    Le jour de gloire est arrivé!
    Contre nous de la tyrannie
    L'étendard sanglant est levé!
    L'étendard sanglant est levé!
    Entendez-vous dans nos campagnes
    Mugir ces féroces soldats?
    Ils viennent jusque dans nos bras
    Égorger vos fils, vos compagnes!

    Aux armes, citoyens!
    Formez vos bataillons!
    Marchons! Marchons!
    Qu'un sang impur
    Abreuve nos sillons!"

    If we're going with guillotines, we should do it right.

    ReplyDelete

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