Thursday, February 12, 2009

More Finance Schadenfreude

This nytimes article reports a finding by economists at EPI that Wall St pay has only been out of line with other professional pay (Doctors, Lawyers, and presumably, academics, though academics I learned at a recent seminar are paid significantly less than doctors and lawyers, but still on the same order of magnitude at least) for two periods in the past 100 years, that was the period leading up to the stock market crash of 1929, and the past 10 years.

So nice to have hard numbers backing up the sense of schadenfreude this has given me, making me feel less regret for giving up on Wall St. 8 years ago. Of course, if I had stayed, I might have made my $10 million by now (F^*& U money as Stephenson calls it). But who knows. Probably not.

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