Top Stories
Top Stories

Jamie Dimon is straying from Milton Friedman's dogma, and that's okay

Jeffrey Goldfarb
Jamie Dimon
Tim Boyle | Bloomberg | Getty Images

Jamie Dimon is helping redirect the conversation about value. The JPMorgan boss on Tuesday unveiled a plan to lift the hourly wage for 18,000 lower-level workers, including bank tellers, by almost a fifth at a minimum. The move follows similar ones by Gap, Wal-Mart Stores, Starbucks and others. Helping shrink the income inequality gap is a good public policy step, especially by sharing the spoils so often reserved for Wall Street dealmakers and shareholders. It may also be good for business.

More from Breakingviews:
Boosting bank earnings requires more creativity