Starbucks, J.P. Morgan to increase wages due to Trump tax cut, Chris Hayes HARDEST HIT

You can now add Starbucks and J.P. Morgan to the list of companies that are increasing wages thanks to the Trump tax cut “armageddon”:

Starbucks to boost pay, benefits after U.S. lowers corporate taxes | Article [AMP] | Reuters https://t.co/AqD8m9xXYi

— David Alexander (@davidalexander5) January 24, 2018

More tax reform Armageddon: JPMorgan raising minimum wage to $18/hr, opening 400 new local branches, hiring 500 new bankers focused on small biz lending. $20 billion investment. https://t.co/UiwrjPxlFx pic.twitter.com/hu8vZ4IXyF

— Elliott Schwartz (@elliosch) January 23, 2018

Hardest hit? MSNBC’s Chris Hayes who just yesterday complained that companies were not raising wages and instead just paying out bonuses:

Notable that almost all these companies are announcing one time bonuses, which is like giving a tip, rather than *raises*, which entail a long term commitment to higher pay.

— Chris Hayes (@chrislhayes) January 23, 2018

First up, wth is wrong with a $1000 “tip”?

What’s wrong with a thousand dollar tip? I’d take it. https://t.co/y2SmtbaPEE

— David Marcus (@BlueBoxDave) January 23, 2018

But more importantly, the Trump tax cut is like a month old and we’re already seeing companies react. It will only get better from here:

Starbucks, J.P. Morgan to increase wages due to Trump tax cut, Chris Hayes HARDEST HIT

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