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The average Wall Street employee last year brought in $ 422,500, the highest since the financial crisis, according to a new report from state controller Thomas DiNapoli.
The increase in profits came as the Trump administration began to dismantle Wall Street regulations and deliver on its promises to reduce corporate taxes, creating the most friendly corporate atmosphere in more than a decade.
"Wall Street has benefited every year since the end of the recession in 2009, and last year's indemnifications have reached their highest level since the financial crisis," DiNapoli said in a statement.
The average salary – salary plus bonus – was 13% higher than in 2016, according to the report.
In 2017, the average bonus on Wall Street was $ 184,200, an increase of 17%.
And the good times do not seem to end soon as the industry's pre-tax profits jumped 11 percent to $ 13.7 billion in the first half of this year, according to the report.
"The momentum of last year's spectacular rise in profits continued in 2018 and the sector is on track for another good year, with no setback later in the year," said DiNapoli.
While Wall Street employees have reaped the gains, the average income of most US employees is at a standstill.
The median US employee made $ 59,039 in 2016, the latest available data from the US Census.
Average hourly wages rose an average of 10 cents last month, to $ 27.16, according to data from the Bureau of Labor Statistics.
Although this is the largest increase since 2009, it was about the same level as the last two months of inflation, which is eating away at the value of the dollar.
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