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Taleb says $2.2 trillion is for 5 years - which is ~5*505B (total payroll for finance as per your information). So, it looks ok to me.
by more_later 15y ago
Taleb says $2.2 trillion is for 5 years - which is ~5*505B (total payroll for finance as per your information). So, it looks ok to me.
- corysama 15y agoTaking Spyro7's estimate of 6.2 million employees in the financial industry that comes out to $2,200,000,000,000 / 5 years / 6,200,000 people = $70,968/year salary per person. Sounds like a lot less of a robbery when you divide it out.
- jurjenh 15y agoThat is a bail-out salary from the tax payer! I'd say that's a pretty hefty robbery, I believe it is well above the average per-capita income, so for most people this is more than a year's wages handed to them by the government.
- corysama 15y agoGuess that's what I get for doing math with no context. Thanks for the reminder to RTFA.