Bank CEOs Avoid Committing to Wage Hike During Hearing

The transcript discusses a proposal to raise the minimum wage to $25 by 2025. Representatives from major financial institutions like Morgan Stanley, Goldman Sachs, Citigroup, and JP Morgan share their positions on this commitment. While some express willingness to consider the increase, others highlight their current competitive pay and benefits. The discussion also touches on the importance of balancing shareholder rewards with employee value, especially in the context of stock buybacks.

What is the current minimum wage of the one employee mentioned?

What are some of the benefits mentioned that JP Morgan provides to its employees?