Congresswoman grills billionaire CEO over pay disparity at JP Morgan

Source: The Guardian

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 at the end of each month. Asked how a woman in that situation could get by, Dimon said, 'I don't know' Subscribe to Guardian News on YouTube ► http://bit.ly/guardianwiressub

My take on this:

This is pretty entertaining watching a congresswoman break down the salary of a JP Morgan employee. She compares that with all of the costs of living. She asked the Billionaire Jamie Dimon, "How should she manage this budget shortfall will she's working full time at your bank?" He followed most of his answers by saying "I don't know, I need to think about that".

Congresswoman Porter followed up, with saying "would you suggest that she take out a JP Morgan Credit Card?"- I found that part comedic, and ballsy. Congresswoman definitely ate her Wheaties this morning. Nevertheless, this video was entertaining yet informative watching the rich speak in simplicity as if escaping poverty in a capitalistic society is easy.