Star Member WillyT (52,827 posts)
2 Charts That Will Enrage Everyone (Well, Except Bankers) - HuffPo
2 Charts That Will Enrage Everyone (Well, Except Bankers)
The Huffington Post | by Maxwell Strachan
Posted: 03/12/2014 4:58 pm EDT Updated: 03/13/2014 9:59 am EDT Print Article
<snip>
Take every single dollar made by full-time workers earning the federal minimum wage last year. Now double that pile of cash. OK, now we’re in Wall Street bonus territory.
Wall Street pulled in $26.7 billion in cash bonuses last year, according to estimates revealed Wednesday by the New York state comptroller. That’s up about 15 percent from the previous year, and amounts to $164,530 per person when split up among the industry’s 165,200 employees in New York.
In a new report the Institute for Policy Studies, a progressive think-tank that advocates for pay fairness, paints those bonuses in a rather startling way: Wall Street's cash pile is now nearly double what the country’s 1.085 million full-time minimum wage workers made all of last year.
and some other stupid chart that shows nothing
Marxism can be boiled down to exactly one thought: a worker is a worker. Let me ask you lurking DUmmies something: suppose you're starting a business (I mean a real business, not one where you market your poli sci texts from 1972). When you want capital to get things rolling,
do you mean to tell me that you're just as likely to go see a pimply kid flipping burgers at McDonald's than you are a banker?Get me, guys - I'm a DUmmy looking for capital to finance or buy a business: "
You know, I'd like to expand my business of making custom kneepads for ProSense and MSNBC hosts. But I'm currently tapped out. I can't finance growth through cash flow, so I need capital. Or I need to go buy someone else. Hm. It's a hell of a problem. Well, I guess I have to get the suit out and do a roadshow. I'm not sure I want private equity money, because I want to retain control, but I should at least listen to them. Bank money might be expensive, but only until I start growing. What I need, really, is some advice. Here's what I'm going to do. I'm going to make exactly two calls. The first will be to Goldman Sachs, who has experience advising people like me, and arranging capital for well-formed and promising ideas. The other call is going to be to Jimmy McZittles, who works a couple nights a week at the Cinnabon. Advice is advice. One of those two, Goldman or McZittles, is going to get me going. Do you get what I'm saying, DUmmies? People who make minimum wage aren't in the same universe as people who allocate capital and create billions in wealth. If being a capitalist was that easy, YOU'D be doing it. Instead, you don't even have MINIMUM WAGE jobs. Worthless addicted assfaces.
