A new analysis by SarahDAnderson1 of IPS_DC finds that if the federal minimum wage had increased at the same rate, it would currently be $61.75 an hour.
The comptroller's office points out that while the securities industry comprises just 5% of private-sector employment in New York City, it makes up one-fifth of total private-sector wages.that the average Wall Street bonus has soared by 1,743% since 1985.
"These jaw-dropping numbers are just the latest evidence of unequal sacrifice under the pandemic," Anderson adds."While ordinary workers are struggling with rising costs for basic essentials, Wall Street bankers have seen their bonuses rise further into the stratosphere."Section 956
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