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General News    H3'ed 7/19/16

It Takes Jamie Dimon Three Hours to Earn What Some of His Employees Do In One Year - BillMoyers.com

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'A JPMorgan Chase employee making $15 an hour working full-time would earn $31,200 a year. Dimon, who makes almost $13,000 an hour, makes more than that in three hours. Starting wages which are now $10.15 an hour will rise to between $12 and $16.50 an hour over the next three years, depending on the cost of living in specific geographic areas. Fortune estimates that the pay hike will cost the bank about $50 million a year. Last year the five top executives earned a total of $99 million. “This is the largest bank in America. Last year they made $24 billion in profits. Jamie Dimon thinks he’s a hero for raising wages to $13. That’s not a living wage anywhere in the country. Chase can do better and so can all big banks.”A serious attack on inequality requires two things — increasing wages at the bottom and reducing outsized compensation at the top. Will that be Dimon’s next announcement?'

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Susan Lee Schwartz Social Media Pages: Facebook page url on login Profile not filled in       Twitter page url on login Profile not filled in       Linkedin page url on login Profile not filled in       Instagram page url on login Profile not filled in

I began teaching in 1963,; Ba and BS in Education -Brooklyn College. I have the equivalent of 2 additional Master's, mainly in Literacy Studies and Graphic Design. I was the only seventh grade teacher of English from 1990 -1999 at East Side (more...)
 

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