Wall Street wages more than double in 25 years

Wall Street sign

Dear Wall Street: Stop complaining about your pay.

Bloomberg News reports that five years after Occupy Wall Street protesters took over Zuccotti Park in downtown Manhattan, spawning a national discussion about the divide between America’s highest and lowest earners, the pay gap has only gotten wider.

Now, even as bankers bemoan their declining bonuses and job prospects, it’s helping fuel the campaigns of Donald Trump and Bernie Sanders.

The spread is even more pronounced over the past 25 years. When adjusted for inflation, wages for investment bankers and securities-industry employees, including salary and bonuses, increased 117% from 1990 through 2014, according to U.S. Bureau of Labor Statistics data. Over the same period, wages for all other industries rose just 21%, to $51,029 in 2014, about one-fifth of the $264,357 that bankers and brokers earned that year.

To access the complete Bloomberg News article hit the link below:

Wall Street Wages Double in 25 Years as Everyone Else’s Languish

Mystery $9 Billion in Extra Cash Perplexes India

JefferiesAnd the Best Place to Work in the global financial markets 2016 is...

Register for Financial Markets News Alerts