Wednesday, October 24, 2012

Putting It Into Perspective: One Week of QE 3 in Minimum Wage Jobs - Infographic

For perspective purposes, above is a crate supporting $100MM in cash.

The graphic below then shows how many minimum wage jobs this $100 million could fund (labor supply and demand and other "practical" stuff aside). In short, it takes 3500 minimum wage American workers one year to make $100 million.



So how many minimum wage jobs could one week, forget one month, of the current $40 billion in QE 3, prefund?

This much.


Story: http://www.zerohedge.com/news/2012-10-24/putting-it-perspective-one-week-qe-3-minimum-wage-job-terms

0 comments: