No government required

[P@triot]

Once again we see the private sector working flawlessly - without government intervention. J.P. Morgan Chase is paying a minimum wage 36% above what government requires because they want to attract and retain the best people available for those minimum wage positions.

JPMorgan Chase has committed to a minimum wage of $18 per hour at branches in Washington, D.C., which requires hourly minimum pay of $13.25. "We think it's important to pay people fairly, and we think that will allow us to attract top talent and retain top talent," says Peter Scher, chairman of the Mid-Atlantic region.

That’s the beauty of the free market. It creates competition. Competition forces companies to compete for customers and compete for labor. Both of which results in optimum productivity, optimum compensation, innovation, and more.

JPMorgan Chase commits to $18 minimum wage in D.C.

 

[P@triot]

Once again we see the private sector working flawlessly - without government intervention. J.P. Morgan Chase is paying a minimum wage 36% above what government requires because they want to attract and retain the best people available for those minimum wage positions.

JPMorgan Chase has committed to a minimum wage of $18 per hour at branches in Washington, D.C., which requires hourly minimum pay of $13.25. "We think it's important to pay people fairly, and we think that will allow us to attract top talent and retain top talent," says Peter Scher, chairman of the Mid-Atlantic region.

That’s the beauty of the free market. It creates competition. Competition forces companies to compete for customers and compete for labor. Both of which results in optimum productivity, optimum compensation, innovation, and more.

JPMorgan Chase commits to $18 minimum wage in D.C.

 

[danielpalos]

Everybody knows Government solves all problems; the Romans invented the dole a few millennia ago.

 

[bripat9643]

Once again we see the private sector working flawlessly - without government intervention. J.P. Morgan Chase is paying a minimum wage 36% above what government requires because they want to attract and retain the best people available for those minimum wage positions.

JPMorgan Chase has committed to a minimum wage of $18 per hour at branches in Washington, D.C., which requires hourly minimum pay of $13.25. "We think it's important to pay people fairly, and we think that will allow us to attract top talent and retain top talent," says Peter Scher, chairman of the Mid-Atlantic region.

That’s the beauty of the free market. It creates competition. Competition forces companies to compete for customers and compete for labor. Both of which results in optimum productivity, optimum compensation, innovation, and more.

JPMorgan Chase commits to $18 minimum wage in D.C.

JP Morgan contracts out all the labor that pays minimum wage, like janitorial services. Their announcement is utterly meaningless.