Posts Tagged ‘Institute for Policy Studies’

Wall Street bonuses outweigh minimum wage pay

March 20, 2017

Most Wall Street activity is devoted to diverting money from one person’s pockets to another person’s pockets.   Most minimum wage workers do things that are directly beneficial to people.

The past financial crash was worse because Wall Street bankers and financiers took risks with other people’s’ money.   The coming financial crash will be worse for the same reason.

The Wall Street bonus system is an incentive to take risks, because the managers get to keep the bonuses when they win and they do not have to give them back when they lose.

(more…)