$44 Minimum Wage Today If Increased At Same Rate As Wall Street Bonuses Since 1985

  • A new analysis released Monday by the Institute for Policy Studies shows that the current $7.25-an-hour federal minimum wage would be just over $44 an hour if it had increased at the same rate as Wall Street employee bonuses between 1985 and 2020.
  • During that 35-year period, the federal wage floor remained largely stagnant while the average Wall Street bonus soared by 1,217%, IPS finds, citing the latest data from the New York State Comptroller.
  • Sarah Anderson, director of the Global Economy Project at IPS and the author of the new analysis noted, “Since 1985, the average Wall Street bonus has increased 1,217%, from $13,970 to $184,000 in 2020.”

See full story here.



Categories: Business, Government, Labor

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