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https://www.msn.com/en-us/money/markets/bankers-average-bonus-jumps-to-highest-since-2006/ar-BBKIBpX
https://www.wsj.com/articles/wall-street-bankers-get-biggest-raise-in-four-years-1522089178?mod=e2fb
Wall Street’s average bonus jumped 17 percent in 2017 to $184,220, the highest since 2006, according to estimates by New York State Comptroller Thomas DiNapoli.
Another factor driving bonuses may be Wall Street learning to squeeze more from a smaller number of workers through the use of technology. Employment in the securities industry in New York was 176,900 last year, down slightly from 2016.
The $26,560 bump in bonus pay in 2017 for New York bankers and traders also towers over the tax-overhaul bonuses paid to some Main Street bank workers. Several retail-focused banks paid bonuses to their workforces after the Republican tax plan last year, such as Cincinnati’s Fifth Third Bancorp, which paid one-time $1,000 bonuses, and said it would raise its minimum wage to $15 an hour.
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People making this much money for spending and then collecting my money does frustrate me....
I did share the few good things in that a couple of banks are raising the minimum wage (for their tellers I assume) to $15 an hour which is good that they're doing it on their own and not a governmental mandate. But, as a holder of student loans this does bite as I just had to enter how much I've paid to interest only on my loans in this past year and it drove me to drink while I filled out the rest of my taxes
No, I don't have any deep thought contributions to add here. More just pissing and moaning honestly and sure to get a few posters on this board riled up. (@VivaRevolution )
https://www.wsj.com/articles/wall-street-bankers-get-biggest-raise-in-four-years-1522089178?mod=e2fb
Wall Street’s average bonus jumped 17 percent in 2017 to $184,220, the highest since 2006, according to estimates by New York State Comptroller Thomas DiNapoli.
Another factor driving bonuses may be Wall Street learning to squeeze more from a smaller number of workers through the use of technology. Employment in the securities industry in New York was 176,900 last year, down slightly from 2016.
The $26,560 bump in bonus pay in 2017 for New York bankers and traders also towers over the tax-overhaul bonuses paid to some Main Street bank workers. Several retail-focused banks paid bonuses to their workforces after the Republican tax plan last year, such as Cincinnati’s Fifth Third Bancorp, which paid one-time $1,000 bonuses, and said it would raise its minimum wage to $15 an hour.
__________________________
People making this much money for spending and then collecting my money does frustrate me....
I did share the few good things in that a couple of banks are raising the minimum wage (for their tellers I assume) to $15 an hour which is good that they're doing it on their own and not a governmental mandate. But, as a holder of student loans this does bite as I just had to enter how much I've paid to interest only on my loans in this past year and it drove me to drink while I filled out the rest of my taxes
No, I don't have any deep thought contributions to add here. More just pissing and moaning honestly and sure to get a few posters on this board riled up. (@VivaRevolution )
