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.
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: