Read this: This article by Sarah Anderson of The Institute for Policy Studies does a great job of examining the question: How much more of a national economic boost would be gained if the sums we give as bonuses to Wall Street employees were instead funneled into the pockets of the millions of workers on the bottom end of the pay scale? “The $28.5 billion in bonuses doled out to Wall Street employees is double the annual pay for all 1,007,000 Americans who work full-time at the current federal minimum wage of $7.25 per hour. Wall Street bonuses rose 3 percent last year, despite a 4.5 percent decline in industry profits. The size of the bonus pool was 27% higher than in 2009, the last time Congress increased the minimum wage.” The article shows how obscene these bonuses are with several striking graphs. She goes on the emphasize that “Wall Street Bonus Reform is Long Overdue” and so are consistent changes to our policies regarding minimum wages.