13 July 2016 — FAIR
Chase’s CEO, Jamie Dimon, was given prime space on the New York Times‘ op-ed page today (7/12/16) to declare that his bank was doing something about “wage stagnation” and “income inequality” by “giving thousands of employees a raise”:
Our minimum salary for American employees today is $10.15 an hour…almost $3 above the current national minimum wage. Over the next three years, we will raise the minimum pay for 18,000 employees to between $12 and $16.50 an hour for full-time, part-time and new employees, depending on geographic and market factors.
“A pay increase is the right thing to do,” declares Dimon.
How nice of the Times to give one of our corporate overlords a chance to let us know he’s doing the right thing!