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James Dimon, chief executive of the nation’s largest bank by assets, announced the firm will boost pay for 18,000 of its lower-tier employees over the next three years at a time when those jobs are shrinking across the industry, according to an op-ed article appearing in the New York Times Tuesday.
The move mirrors similar efforts at other companies and efforts to increase the national minimum wages.
Comment:
Its another sign of reversal of the 1975 decline of prosperity of entry level people of the USA. Its finally sinking in to TPTB, globally, that America’s tax PAYER wages not keeping up with cost of living, is taking its toll, taking down the entire global economy.
Including the big global multi national companies that prospered, by harboring in or using China (and other countries) as global production vendors, the BIGGEST pigs at the US consumer trough.
Don’t forget, tax absorbers, many US Consumer’s are spending dollars that CAME from the US tax PAYERS. Either public employees, or gov’t vendor employees, that are hired and paid by tax PAYERS, living off the US tax base.
They HAVE to raise the base, to support the rest. Trump did not start the reversal. He’s jumping on it.