From Bloomberg News:
When adjusted for inflation, wages for investment bankers and securities-industry employees, including salary and bonuses, increased 117 percent from 1990 through 2014, according to U.S. Bureau of Labor Statistics data. Over the same period, wages for all other industries rose just 21 percent, to $51,029 in 2014, about one-fifth of the $264,357 that bankers and brokers earned that year.
No wonder Goldman Sachs pays $235,000 an hour to Hillary for a speech. It’s a good investment in their gravy train.
Update I:
The Justice Department announced a $5 billion settlement with Goldman Sachs over the sale of mortgage-backed securities leading up to the 2008 financial crisis.
The deal announced Monday resolves state and federal probes into the sale of shoddy mortgages before the housing bubble and economic meltdown.
$5 Billion. No wonder they pay so well for speeches.