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The minimum wage would be $44 per hour if it had grown at the same rate as Wall Street bonuses

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The chaos that the pandemic unleashed on America’s economy turned out to be a major boon for Wall Street traders, according to new data from the New York State comptroller’s office.

Wall Street firms paid their New York City-based traders an average bonus of $184,000 last year, a 10% increase from 2019, New York comptroller Thomas DiNapoli said in a press release Friday.

But those paydays have been skyrocketing for decades. Since 1985, Wall Street traders’ bonuses have grown 1,217% — and that’s just a fraction of their overall pay, which was more than $406,000 in details ⇒

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