Banks Help Employees With Wall Street Pay - WSJ.com

Banks Help Employees With Wall Street Pay - WSJ.com: "Help me out here, but aren't we all missing something?

Let's challenge this red herring of banker pay! There's something more serious evident here:

In other words, how does a 'market' or 'free-market' economy work? How is it supposed to work?

Aren't we all getting bitten by the socialist angst of no new businesses can be created so we have to manage what we've got? (Isn't that what led to the Democrats losing the election in 1980 and being proven wrong by Reagan - i.e. he grew the economy that the Democrats argued couldn't be grown?)

If banking pays so well (and the jealousy drips from all these articles and comments), why aren't people asking - Why isn't it easier to start a new bank?

(After all, if people aren't getting anything on their savings (i.e. an almost zero interest rate) and small businesses aren't able to borrow - here is a gap in the market (if all of the above is true). So, isn't a better concern to ask 'Where's the competition?'

If banking really makes all that money, pays all those salaries - why aren't new banks able to be set up?

This is more likely to find out why jobs aren't being created than jealousy. Wouldn't it be better to have new jobs than try to take someone else's?

Big bank paychecks aren't the problem. The problem is that there are some reasons why the banks aren't facing competition!

High salaries might be an indicator that there is something wrong! But, that's a longer comment."