New York (CNN Business) Minimum wage is haunting JPMorgan.

On Friday's earnings call with the press, CEO Jamie Dimon no doubt intended to boast about the bank's better-than-expected performance in the first quarter of the year. But he couldn't avoid the minimum wage subject.

"We take very good care of our entry-level employees," he said, noting the bank paid $35,000 to $37,000 for starting salaries plus benefits.

"When you look at wages, you better look at other people. The banking sector is pretty good," Dimon said. He questioned whether media companies like CNBC or the New York Times paid employees right out of high school this well.

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