I want to see more articles like this. I want more investigative journalism on how these guys are driving income inequality, how they rig the system for themselves, and what the face of income inequality really looks like. These two paragraphs were particularly helpful:
"Chase is the largest bank in the United States, and in 2015 it made $23.9 billion in after-tax income. You may have gotten the (intended) impression from Dimon’s op-ed that Chase has 18,000 employees; in fact, it has 241,000. That means for each one of its employees, the company is making $99,000 in profit. By comparison, the prospect of a $1.85-an-hour raise for 7 percent of them over three years is rather small potatoes.
Dimon himself made $27 million in compensation in 2015. Right now, the lowest-paid full-time Chase employee makes 0.08 percent as much as the CEO; for those who get the pay raise, after it goes through, it’ll be 0.09 percent—assuming that Dimon doesn’t get a pay raise of his own in the next three years. So not much of a blow against income inequality—a problem that is in large part driven by the financial industry’s soaring profits."
Until we figure out the tools they are using to drive income inequality, we won’t be able to do much about it.