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Reply #170: So what you're saying is that excessive labor costs are ruining the financial sector. [View All]

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Telly Savalas Donating Member (1000+ posts) Send PM | Profile | Ignore Sun Feb-01-09 10:13 AM
Response to Reply #166
170. So what you're saying is that excessive labor costs are ruining the financial sector.
In normal businesses, it's only the folks at the very top who make more than $400K annually. If it meant the survival of the business, most of these executives would take the pay cut.

Now if what you're saying is true, most people in the financial services sector are unwilling to work for under $400K and that they think it's my responsibility as a taxpayer making a five digit income to subsidize their paychecks.

If they can afford such lavish compensation, then why do they need taxpayers to help provide capital?
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