Wages and Human Capital in the U.S. Financial Industry: 1909-2006

by Benjamin Domenech on 9:44 am November 3, 2009

“Now in one sense the defenders of high Wall Street pay are correct: people are probably getting roughly what they could make if they walked across the street and went to another bank.” But is the whole industry “making a mistake and transferring wealth to employees that should go to shareholders”?

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