Chart of the Day, Month, Year
Below is a chart that shows the ratio of financial services wages to private sector wages from 1910-2008. What is absolutely striking is the inclusion of the major pieces of legislation that de-regulated the financial sector and how it appears that de-regulation increased the ratio.
The chart was included in this article from Economic Populist entitled “Deregulation and the Triumph of Wall Street” and it was provided by Pluto.
This is just sad.
Policy makers in Washington have done NOTHING to curb the excesses and dangerous power the financial sector. It’s like nothing every happened and all we are doing is fighting to maintain the status quo. We got to break the “Too Big To Fail” financial conglomerates.
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