Quote:
Originally Posted by jyl
The red line is the top 1%. That is roughly $400K+ annual income, judging from this tool
http://www.nytimes.com/interactive/2012/01/15/business/one-percent-map.html?_r=0 There is data somewhere that will give a more precise number, if needed.
The yellow line is the top 20%. That is roughly $100K and higher annual income. $100K isn't really a "Wall Street" income; only junior Wall Streeters are making that little.
The light blue line is in the top 60% but below the top 40%. That is roughly $40K to $60K annual income. That is basically the median household income in the US.
The dark blue line is the bottom 20%. That is roughly $20K annual income and below. That is the minimum wage group, among others. |
If you really wanted to analyze your own question, and were not in a rush to "make a point", then you'd see that the disparity is between the 1% and everyone else. That is NOT illustrative of anything to do with this thread. You have introduced a collateral issue, that of Wall Street compensation, as if it has anything to do with minimum wage, which it does not.
The real issue is the corellation between minimum wage increases and the effect of same on the overall economy.