Skip to main content
Black Listed News
Trending Articles:
Trending Articles:

"Worst. Recovery. Ever." Except For Bankers

Published: August 20, 2014
Share | Print This

Source: Zero Hedge

For most (practically all) Americans, this is officially the worst recovery ever. As we pointed out previously, wage growth has never been slower in a post World War II recovery. However, not everyone is hurting...


This comes just weeks after Morgan Stanley announced it would raise junior banker salaries by 25%.

Things are troubling...

But not for the bankers... (as Bloomberg reports)
Goldman Sachs Group Inc. will increase 2015 salaries for junior employees in the U.S. by about 20 percent, according to a person briefed on the decision.The raises will apply to employees with the title of analyst across all divisions, said the person, who asked not to be identified speaking on personnel matters. Analysts are typically recent college graduates.Morgan Stanley is raising salaries for junior bankers worldwide by about 25 percent, a person briefed on the matter said last month. That change only applied to associates and vice presidents in the investment banking and underwriting units.The New York Post reported on Goldman Sachs’s pay increases earlier today.
*  *  *
It appears President Obama's hopes for 'fair, livable' minimum wage is being heeded by the banking community - good patriots, they are.

Share This Article...

Emigrate While You Still Can! Learn more...

More Blacklisted News...

Free Newsletter
Blacklisted Radio
Blacklisted Nation
On Twitter
On Reddit
On Facebook
Blacklisted Radio:
Podcasts on Youtube
Podcasts on Demand
Podcasts on Spreaker
Podcasts on Stitcher
Podcasts on iTunes
Podcasts on Tunein

Our IP Address:



Calling for Contributors!

Got something to say?
We want to hear from you.

Submit your article contributions and participate in the world's largest independent online news community today!

Contact us today!

BlackListed News 2006-2017