Quote:
Originally Posted by The Dad Fisherman
Where's the Cream going to Go?
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Example -
Bill is a Harvard Grad and works in sales for JP Morgan, his base salary is 100K, he travels 4 days a week, works weekends smoozing clients. He is an excellent salesmen and usually takes home an additional 500K in "bonus" money for the commissions on his sales. He couldnt tell you what a mortgage backed securty is becasue he sells bank custody services and nothing to do with the current crisis.
Take away Bills bonus and he makes 100K per year, factor in all the travel and weekends, and stress, Bill might make $25 an hour.
For 100k a year, Bill can go work for Brigham and Williams hospital as an adminsitrator for drug companies. His education more that qualifies him for the job, his salary will be 100K, but he leaves work at 5, is home every weekend and the stress is much less.
Bill took the job from Lenny, who graduated from UVM, as was not as polished as Bill. Lenny is now unemplyed. All the "good" jobs are now filled by people with ivy league degrees. Also unemploed is Bill's nanny, Bill's landscaper. Bill quit his golf club, quit his health club, sold his boat, etc.
But since Bill's wife does not work, he is now eligble for Obama's stimulus plan! He will receive a check for $1000 ! All is good in America!
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