http:\/\/www.bnet.com\/blog\/financial-business\/occupy-this-wall-street-pay-rises-as-profits-fall\/16580?tag=fd-analysis4<\/p>\n
What financial crisis? In 2010, a year when profits on Wall Street fell by more than half, the average salary for securities industry workers in New York City rose 16 percent, to more than $361,000.<\/p>\n
So much for New York Mayor\u00a0Mike Bloomberg<\/strong>\u2019s contention that\u00a0the Occupy Wall Street protests\u00a0<\/a>are misguided because they target people making \u201c$40,000 or $50,000\u2033 a year. He might also be surprised to note (or, more likely, not) how much more pin-stripers in lower Manhattan make than other Gothamites. Securities professionals in New York last year earned roughly 5 times the pay of local private-sector employees, up from twice their average salary in 1981 (see chart at bottom).<\/p>\n http:\/\/www.bnet.com\/blog\/financial-business\/occupy-this-wall-street-pay-rises-as-profits-fall\/16580?tag=fd-analysis4 What financial crisis? In 2010, a year when profits on Wall Street fell by more than half, the average salary for securities industry workers in New York City rose 16 percent, to more than $361,000. So much for New … Continue reading ![\"wallstpaychart2.png\"](\"webkit-fake-url:\/\/3411ED92-80B9-436D-9A0E-0A43DE12B341\/wallstpaychart2.png\")
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