alsion (![[info]](http://l-stat.livejournal.com/img/userinfo.gif){kind=small} hnpcc) wrote, |
the last time I looked at it, it was a sort of bimodal distribution -- a lot of people over $150k, and a lot under $15k.
Ah that makes more sense (and also makes me giggle a bit - Zamalek really is the 'Manhattan of Cairo', and not just because it's on an island, I think the income discrepancy would be even more acute there.)
(Do I think that bank executives should be earning less than $100k a year? Yeah, pretty much. Will that mean they have to move out of NYC? Yeah, pretty much, if they want to send their kids to any sort of private school.)
My problem with the earnings is less the actual amount and more the discrepancy between what the top CEO and the lowest paid workers in the same company are earning. I can't find the figures offhand, but my understanding is that the gap rose considerably during the past 20 years.
And don't get me started on bonuses - as far as I'm concerned, bonuses are the tipping of the finance industry. If it's OK for the restaurant industry to pay their workers less than minimum wage "because they'll make it up in tips" it should be fine for CEOs to be paid the equivalent of the dole, because "they'll make it up in bonuses."
Ah that makes more sense (and also makes me giggle a bit - Zamalek really is the 'Manhattan of Cairo', and not just because it's on an island, I think the income discrepancy would be even more acute there.)
(Do I think that bank executives should be earning less than $100k a year? Yeah, pretty much. Will that mean they have to move out of NYC? Yeah, pretty much, if they want to send their kids to any sort of private school.)
My problem with the earnings is less the actual amount and more the discrepancy between what the top CEO and the lowest paid workers in the same company are earning. I can't find the figures offhand, but my understanding is that the gap rose considerably during the past 20 years.
And don't get me started on bonuses - as far as I'm concerned, bonuses are the tipping of the finance industry. If it's OK for the restaurant industry to pay their workers less than minimum wage "because they'll make it up in tips" it should be fine for CEOs to be paid the equivalent of the dole, because "they'll make it up in bonuses."
