Jamie Dimon. Income Inequality - Underpaid Workers And Overpaid Executives

 Jamie Dimon, CEO of JP Morgan Chase, commenting on the harm caused by income inequality, is like the leader of a drug cartel complaining about drug abuse. Executive compensation is long out of control. The wealth of many corporations and their overpaid executives have come from the backs of underpaid workers. Underpaid workers and overpaid executives, and its significant contribution to income inequality, is not about to disappear. Let Jamie Dimon lead by example. Responsible corporations, fewer and fewer in number, have executives that pay themselves reasonable salaries and compensation that are not completely out of proportion to what workers of the corporations earn.

The two tiered system of underpaid workers and overpaid executives must end if income inequality is to be addressed. Putting this in place, not by words that mean nothing, but by actual deeds and actions, is what Jamie Dimon can do if he is truly concerned about income inequality.  

Labor has long been devalued in the United States. Rather than pay fair wages with responsible labor and environmental regulations, corporations have sent millions of jobs to China. This has strengthened China and weakened the American working and middle class. The fewer decent paying jobs available, the greater there is economic inequality, racial inequality, economic hardship, and a host of other ills. Service industries, including banks and fast food restaurants, rely greatly on domestic labor. Many of these corporations are notorious for having underpaid workers and overpaid executives. Income inequality cannot be addressed if the people on top keep taking all, and the workers keep getting crumbs instead of living wages.