Don’t Blame The Bankers?

Oct 31 2011 @ 9:17am

Nicole Lapin examines the makeup of the 1%:

Financial services professionals (a.k.a. "Wall Street") average $311k/year — so they technically don’t make it into the top 1% if you look at the mean. … The biggest chunk of the "top 1%" are executives and managers outside financial services at 31%; medical professionals make up 16%; financial services professionals make up 14%; 9% lawyers.

Nona Willis Aronowitz concentrates on the 31% that are executives and managers:

Yes, tax codes matter, but CEOs and boards are the ones making the salaries and doling out bonuses. They're the ones with the most direct power to redistribute the wealth and give their employees decent pay and benefits.