Ivy League grad discovers hard work no longer rewarded in America
Via Krugman, we have this quote from somebody who seems to have an unconscious desire to be shoved up against a wall and shot, by representatives of the less productive sectors of our society:
Options Group’s Karp said he met last month over tea at the Gramercy Park Hotel in New York with a trader who made $500,000 last year at one of the six largest U.S. banks.
The trader, a 27-year-old Ivy League graduate, complained that he has worked harder this year and will be paid less. The headhunter told him to stay put and collect his bonus.
“This is very demoralizing to people,” Karp said. “Especially young guys who have gone to college and wanted to come onto the Street, having dreams of becoming millionaires.”
Seriously these people are impossible to satirize. If only they would all go Galt.