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Marketplace Morning Report

Ohio is for lovers of smart transit

May 20, 2019

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Marketplace Morning Report

The age of fraud

May 17, 2019
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Marketplace Morning Report

Got a raise? Thank the tightening labor market

Tracey Samuelson Jul 12, 2016
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JP Morgan Chase announced raises for its employees today. 
Andrew Burton/Getty Images

What if your boss called you up one day out of the blue and said, “How about a raise?” 18,000 employees at JPMorgan Chase opened the paper this morning and got just about the equivalent. In an Op-Ed in the New York Times, CEO Jamie Dimon said the bank will raise its minimum pay to between $12 and $16.50 an hour over the next three years. It’s just above $10 now. Over at Starbucks, baristas and store managers got a similar memo from their CEO Howard Schultz yesterday. Coincidence?

Click the player above to hear more about economic conditions and rising wages.

How We Survive
How We Survive
Climate change is here. Experts say we need to adapt. This series explores the role of technology in helping humanity weather the changes ahead.