bankers' income shoots up, while the rest of us not so much

http://economix.blogs.nytimes.com/2011/10/11/bankers-salaries-vs-everyone-elses/

"It shows that the average salary in the industry in 2010 was $361,330 — five and a half times the average salary in the rest of the private sector in the city ($66,120). By contrast, 30 years ago such salaries were only twice as high as in the rest of the private sector."

I'm not sure that the people who crashed our economy should be making so much more than the rest of us.

Comments

Post a Comment

Popular posts from this blog

Is the United States going back to 1901?

 “Make America Great Again” has been a Trump motto even during his first run for the presidency in 2015. It's not new (Reagan used it, for instance), but it does bring up a question: when was America great, according to Trump? Where does his backward look land in history? If you ask MAGA believers, you get many different answers and views on this. Trump himself has helpfully answered this at least to a degree. Trump told the New York Times when asked when America's power was greatest: "No if you really look at it, it was the turn of the century, that’s when we were a great, when we were really starting to go robust . But if you look back, it really was, there was a period of time when we were developing at the turn of the century which was a pretty wild time for this country and pretty wild in terms of building that machine, that machine was really based on entrepreneurship etc, etc.” At a rally in Phoenix, Trump said “President McKinley made our country very rich...
Read more

Trump is "phoning it in" and is no longer an acting president

  Donald Trump is no longer even doing his job as president. He spends 20% of his time golfing. He holds fundraisers for himself, using his official position to reward acolytes. He skips most of the daily intelligence briefings to keep him informed [https://www.politico.com/news/2025/05/09/trump-intelligence-briefing-frequency-00338946]. When asked questions about what his administration is doing he either says he doesn't know, or refers the questioner to another official. For instance, when asked whether he planned to send migrants to Libya, he responded “I don't know. You'll have to ask the Department of Homeland Security.” Even when asked about the most important aspect of being president, “[D]on’t you need to uphold the Constitution of the United States as president?” Once again, Trump answered, “I don’t know.” [https://www.msnbc.com/rachel-maddow-show/maddowblog/-dont-know-problem-trump-leaning-new-favorite-phrase-rcna205546]  Trump generally skips the daily i...
Read more