Friday, March 15, 2013

Left Side of the Aisle #99 - Part 2

Clown Award: Wall Street bankers

Now for the Clown Award, given for acts of meritorious stupidity. This week, the big red nose goes to the financial professionals, the Masters of the Universe, who populate the banks and brokerages of Wall Street.

About one and three American workers - this is everyone, the whole workforce - about one in three workers said in a recent survey conducted by the American Psychological Association that they work in a job that offers too much stress and too little pay. Plus, nearly 30% told a Gallup poll last summer that they are dissatisfied with their pay.

Oh, but those Wall Street folks, they really do live in a different dimension. More than two-thirds of them told a recent survey by recruiting firm Selby Jennings that they were unsatisfied with their pay package in 2012.

How much do these poor, underpaid peons get? Their average income - their average income - was $363,000. That is more than $300,000 more than, it is more than eight times more than, the median household income in the US for 2012. And remember, because a significant number of households have more than one wage-earner, that average household, that median household, has about 1.4 wage earners.

But the :sob: poor bankers are so underpaid. The are whiny, greedy, grasping, crybaby clowns.


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