Wall Street Bonuses and the Minimum Wage

Source: Sarah Anderson, Institute For Policy Studies, March 12, 2014

From the summary:
The New York financial industry’s bonus pool exceeded the annual earnings of the more than 1 million Americans who work full-time at the federal minimum wage. Wall Street banks handed out $26.7 billion in bonuses to their 165,200 employees last year. That amount would be enough to more than double the pay for all 1,085,000 Americans who work full-time at the current federal minimum wage of $7.25 per hour. ….