Jamie Dimon said that, for the first time in his life, there’s “huge pressure” on the U.S. labor market.
That is funny. For several decades the only pay inflation was in his pay package. Surprised he is suddenly worried about other folks getting $15.
He does not the greater GDP growth will make JP Morgan a fortune. In other words his pay will go up again. Glad he is not worried about that.
The stress is a killer.