JP Morgan's CEO Can't Explain How One of His Low Paid Employees Should Budget Her Money

California Democratic congresswoman Katie Porter spelled out to JP Morgan's CEO, Jamie Dimon, the real-world implications of the low wages his...

By toaster_strudel

Published 6 years ago in Wow

California Democratic congresswoman Katie Porter spelled out to JP Morgan's CEO, Jamie Dimon, the real-world implications of the low wages his bank pays its junior employees at a Senate hearing on Wednesday. After running Dimon through the numbers, Porter found that a single mother on the bank's starting salary for a teller would be $567 in the red
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