Defining a Bold New Standard for Fair Pay

http://www.popularresistance.org/defining-a-bold-new-standard-for-fair-pay/

Typical employees at Goldman, of course, didn’t take home anything near that $383,374. How much do typical Goldman employees actually make? We don’t know. U.S. banks and corporations don’t have to reveal how much they pay their workers. They do have to reveal how much they pay their top execs. In 2012, Goldman CEO Lloyd Blankfein took home $26 million. Bank clerks nationally, the University of California at Berkeley’s Labor Center reported last month, only average $24,100 a year. Lloyd Blankfein last year likely took home somewhere close to 1,000 times the pay of his bank’s lowest-paid workers.

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