How much, exactly, has Wall Street cost Main Street? According to Bloomberg, possibly a total of $185 billion in wages and profits—or $600 for every single American. Bankers’ lifestyles may have been undeserved and ostentatious, but they also employed a lot of people. Barbers who charged $125 for haircuts are finding themselves without clients; Wall Street restaurants have empty tables. 255,441 finance jobs have disappeared since January 2008. For each of those losses, another 3.3 jobs in other industries will vanish.
Read it at Bloomberg
