That is one possible comparison. There are other possible reference points. For example, the CEOs of Goldman Sachs and J.P. Morgan both pocket around $20 million a year. This means that they make almost twice as much in a day as a Navy Seal earns in a year. Not many bank heads have to worry about getting shot in the line of duty.
Of course some Wall Street types do even better. Hedge fund manager John Paulson reportedly pocketed $5 billion last year. If we assume a 3000 hour work year (presumably he had to put in some overtime), Paulson had to work about 2 minutes to earn as much as a Navy Seal does in a year.
Thursday, May 5, 2011
Navy SEAL Pay Versus Wall Street
Dean Baker notes that ABC News mentioned Navy SEALS get paid about the same amount as school teachers. He compares their pay to pay on Wall Street:
Labels:
The rich get richer,
War
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Dude, I think you've been trolled.
ReplyDeleteI guess. I'm not sure what that Chinese writing said, but I bet it was bad.
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