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CHART: Wall Street Salaries Rise 11 Percent Annually, While Other Workers’ Increase By Just 1.8 Percent

By Pat Garofalo on October 12, 2011 at 3:50 pm

"CHART: Wall Street Salaries Rise 11 Percent Annually, While Other Workers’ Increase By Just 1.8 Percent"

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Mother Jones’ Kevin Drum re-engineered a chart from the New York State Comptroller’s office showing how, in the last three decades, salaries in New York City’s securities industry have far outstripped those in the city’s other sectors. “Wall Street salaries have risen 11.2% per year, while all other salaries have risen 1.8% per year,” Drum found. In 2010, the average salary for someone in the securities industry was $366,000 while the average private sector salary in another industry was $66,000.

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