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Dimon Says iPhones, Cars Help Balance Out U.S. Income Inequality

  • Paying CEOs zero "wouldn’t put a dent" in income inequality
  • Dimon comments in Detroit where bank is investing $100 million
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Life is getting better in the U.S. even with stagnating wages for some workers, thanks to improvements in technology and cars, according to JPMorgan Chase & Co. Chief Executive Officer Jamie Dimon.

“It’s not right to say we’re worse off,” Dimon said Thursday at an event in Detroit in response to a question about declining median income. “If you go back 20 years ago, cars were worse, health was worse, you didn’t live as long, the air was worse. People didn’t have iPhones.”