Sunday, November 26, 2006

Fattening Pigs

How long will we allow the wealthy to gorge themselves at the expense of regular Americans? From the link:
The average weekly pay for finance jobs in Manhattan was about $8,300 in the first quarter of 2006, up more than $3,000 per week in just three years, new federal data show. And with another year’s bounty from Wall Street about to be paid out in annual bonuses, that number is expected to jump again. ...
Despite their recent success, the financial companies that have long formed the economic engine of New York City have not created many more jobs. More of the job growth in the city is occurring in lower-paying service jobs in restaurants, stores and home health care, but the pay for those jobs has been lagging, said Michael L. Dolfman, regional commissioner of the federal Bureau of Labor Statistics.