This Week in Poverty: Ms. Vasquez Goes to Washington and asks JPMorgan Chase Chief Executive Officer Jamie Dimon. This question: “Despite making billions last year, why do you deny the people cleaning your buildings a living wage?” Well Ms. Vasquez the answer to that is simple. Your chosen profession requires a skill set that demands very little ability, intelligence, education or physical strength. And so as hard (and admirable and honest) a job as yours may be the potential supply of employees is just so great that the level of compensation must drop very low before no one is willing to underbid you for the position -a situation exacerbated by illegal aliens that increase that supply and drop the potential income even lower as they will often work for less than their citizen counterparts.
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