There’s one thing that remains constant these days if Republicans win elections or Democrats win elections or unemployment is high or unemployment is low. Wall Street bonuses go up.
…Wall Street pay seems to defy gravity: Bonuses will be up this year, according to a study to be released on Thursday by a Wall Street compensation expert, Alan Johnson. The survey shows that overall compensation in financial services will rise 5 percent this year, with employees in some businesses like asset management getting increases of 15 percent.
Wonder how many other workers can expect 15 percent raises this year?