Wall Street Salary And Bonuses Show America’s Rich Are Getting Richer As Inequality Deepens
Wednesday’s big news on Wall Street wasn’t that for yet another year its average wage and bonuses put finance employees in the top 1 percent. It was that the Federal Reserve’s third interest rate hike in a decade was fueling a stock rally — meaning there was more money for the already wealthy to grab. The Wall Street Journal’s website was filled with reports on the Fed’s action. Nowhere in its fixation on the changing investment landscape did it note that… Read more…
