Tossing Some Crums

If you want to know how scared the elites are here's a story from Business Insider about Jamie Dimon, the big guy at Chase Bank, wanting to make America great again businessinsider.com/jpmorgan-raising-wages-for-hourly-workers-2016-7?

What you know about this is Dimon and his kind wouldn't be making any concessions, nada, unless they felt pushed to the mat. You can also bet Brexit had something to do with these-tossing-a-few-crumbs to the rabble decisions.

JPMorgan CEO Jamie Dimon wants to make America great again.

In an op-ed article published in The New York Times on Tuesday, Dimon outlined a plan for the firm to raise wages for overtime-eligible employees over the next three years. The firm's minimum wage for its 18,000 hourly employees in the US will move from $10.15 an hour to a range of $12 to $16.50 depending on market and location. It's a move similar to that announced by Starbucks on Monday. 

In his article, Dimon wrote that a pay increase was "the right thing to do."
"Wages for many Americans have gone nowhere for too long," he continued. "Many employees who will receive this increase work as bank tellers and customer service representatives. Above all, it enables more people to begin to share in the rewards of economic growth." 

Banks, especially big ones like Mr. Dimon's, have been printing a lot of money for a long time and their industry is noted for low balling their employees when it comes to wages.  And for those who suggest at least he's doing something, this is an industry that charges you in many ways for trying to withdraw your own money. This is an industry that wrote the manual on ways to skim money from their customers via so-called fees.

A business associate recently related this story. He had to go into his bank, one of the largest and where he's had his account for years. He wanted to order more checks while he was there for his business, thinking it was efficient and convenient. He was surprised when the teller told him he would have to go the loan side of the branch and order them,but there would be a fee. If he just went home and did it online there would not be a fee for ordering them. This was a fee for just ordering them, on top the.normal fee he gets charged for his checks.

The French philosopher Voltaire noted: "If you see a banker jump out the window, it's probably a good idea to follow because there's most likely a profit in it." Dimon's sudden burst of largess and concern for his workers is like those crocodile tears  kids cry when they get caught doing something they know they shouldn't. It's has little to do with making America great again. It has everything to do with taking the heat of Dimon and his fellow elites. There's something called timing. Just ask Hilary. She knows a lot about it.

 JPMorgan CEO Jamie Dimon wants to make America great again.

In an op-ed article published in The New York Times on Tuesday, Dimon outlined a plan for the firm to raise wages for overtime-eligible employees over the next three years.

The firm's minimum wage for its 18,000 hourly employees in the US will move from $10.15 an hour to a range of $12 to $16.50 depending on market and location. It's a move similar to that announced by Starbucks on Monday.

In his article, Dimon wrote that a pay increase was "the right thing to do."

"Wages for many Americans have gone nowhere for too long," he continued. "Many employees who will receive this increase work as bank tellers and customer service representatives. Above all, it enables more people to begin to share in the rewards of economic growth."Voltaire noted: "If you see a banker jump out the window, it's probably a good idea to follow becasue there's most likely a profit in it." 

It's a wonder they didn't have in that picture of Dimon a shot of mom and a slice of apple pie.