There's A New Way To Watch The Widening Income Gap in (Almost) Real Time

Goldman Sachs paid its CEO David Solomon $35 million in 2021, the investment bank announced recently. The handsome sum— a reflection of the fact that the investment bank netted nearly $60 billion under his watch last year—puts Solomon in the top 0.01% of earners in 2021, alongside such other lucre luminaries as Morgan Stanley’s James Gorman ($35 million), JPMorgan’s Jamie Dimon ($34.5 million) and 30,000 or so other folks. Since the beginning of the pandemic in 2020, American households in this teensy tiny slice of society have increased their income by about 8%. READ MORE