"Only" $500,000 a Year (Introduction)
These Wall Street pigs who have stolen from the middle class for decades can rot in hell. The New York Times has an article out where these wealthfare elites are complaining that there is no way for them to live on half a million dollars year.
For starters, the minimum wage in this country is a little bit over seven dollars an hour. After taxes, the average minimum wage worker brings home about $5 an hour. That's $200 a week, $20,000 a year with 2 weeks vacation. If you work at minimum wage for 40 hours a week for 25 years, you take home half a million dollars. So these Wall Street jerks are complaining that 25 years worth of full time minimum wage pay is not enough for them to live on for just one year. Hmmm. Sounds like an argument to increase the minimum wage.
More to come.
For starters, the minimum wage in this country is a little bit over seven dollars an hour. After taxes, the average minimum wage worker brings home about $5 an hour. That's $200 a week, $20,000 a year with 2 weeks vacation. If you work at minimum wage for 40 hours a week for 25 years, you take home half a million dollars. So these Wall Street jerks are complaining that 25 years worth of full time minimum wage pay is not enough for them to live on for just one year. Hmmm. Sounds like an argument to increase the minimum wage.
More to come.
Posted by DavefromQueens.com at 2/8/2009 2:33 PM 
Categories: economy, corporate greed, New York Times
Categories: economy, corporate greed, New York Times
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