Wall street and tech reward big, rare bonuses – Axios

Everyones paying up for loyalty some way more than others.

Why it matters: Anxious employers across all industries have been boosting salaries and benefits.

Driving the news: Bonus season is underway on Wall Street, with $10 million to $25 million payouts being some of the largest in about a decade.

It got us thinking who else has been bumping up bonuses?

What they're saying: These bonuses are idiosyncratic whereas wage gains [in other areas of the labor market] are a little bit more sustainable and worth highlighting as very positive for workers in the lower end of the income spectrum, Daniel Zhao, senior economist at Glassdoor, tells Axios.

The big picture: The size of these paystubs also speak to the way economic inequality has grown over the past two years.

What to watch: When employer generosity might wane.

See the article here:

Wall street and tech reward big, rare bonuses - Axios