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Business Insider
17-06-2025
- Business
- Business Insider
Jamie Dimon has a solution to the skills shortage
JPMorgan's Jamie Dimon said investing in schools can help close corporate America's skills gap. He told a room of business leaders that schools should work workplace skills into the curriculum. Dimon has talked about education before, all as the country's schools undergo potentially huge shifts. School might be out for summer, but Jamie Dimon thinks there's work to be done on America's education system. When asked how companies can address the labor shortage at the Business Roundtable's CEO Workplace Forum on Tuesday, the JPMorgan Chase CEO identified a different problem that can be at least partially solved in the classroom. "What you're really short is the skills you need," Dimon said. He said the business community needs cyber, coding, programming, financial management, and project management skills, among other things, and that investing in schools can help close the gap. "It's getting out and going directly into the schools," Dimon said to the room of business leaders. "I would guess most of us go to a lot more schools now." There are some "wonderful examples" of in-school programs that help kids get jobs after graduation, he added. Dimon, who is on the board of the New York Jobs CEO Council, which aims to shrink income and opportunity gaps, said curricula should change. High schools and colleges should continue teaching the typical topics — and, he said, "be proud of" American history courses — as well as more specialized, workplace-focused skills. Dimon's vision, as he laid it out on Tuesday, is that schools should offer classes that award credentials as part of a typical curriculum, not extra credit. He said that some schools are more open to working with the private sector than others. JPMorgan has various school and apprenticeship programs for skills like business management and technology, according to its website. Representatives for JPMorgan did not respond to BI's request for comment. Dimon has talked about education in the past, saying that there should be more workplace training and classes on financial education. "They all want jobs," the billionaire said on Tuesday. "Graduating, a lot of these kids end up doing — and it's not bad — but they end up doing retail or inventory or something like that, but there are jobs in coding, cyber, financial management." Dimon said businesses have a key role to play in solving these longstanding problems and can't rely on the government alone. The country's education system and universities are undergoing potentially seismic change under President Donald Trump's second administration. On the labor front, young people across the educational spectrum are struggling to find jobs, as AI gobbles up some entry level positions.
Business Insider
17-06-2025
- Business
- Business Insider
Jamie Dimon has 2 words for people complaining about economic problems
Don't expect much sympathy from Jamie Dimon if you're complaining about the economy. When asked about the economic headwinds facing the country, the JPMorgan Chase CEO kept it short and not particularly sweet: "That's life." Speaking in DC at the Business Roundtable's CEO Workplace Forum on June 17, Dimon said companies shouldn't be surprised by economic turbulence. He added that it's unwise to make plans based on short-term predictions of what will happen in the next 12 or 18 months. "I don't buy this notion that somehow we have the right to expect everything to be constantly easy and easy to get by," he said. "There will be economic problems." Those seemingly inevitable problems, though, shouldn't drastically change how a company functions or the programs it funds. Dimon said that JPMorgan will sometimes trim initiatives, but doesn't cut them if they're working well. "We don't do almost anything stop-start, whether it's training people, hiring people, opening brands, hiring bankers, doing technology," he told the crowd. "We have a plan, and we're going to do the plan, and then we navigate through the ups and downs of the economy." Companies that operate more reactively risk harming confidence in their existing projects, such as training programs for young people. "Don't change your plans at all," Dimon said. Americans are generally spooked about making big economic decisions amid today's unpredictability. And among the C-suite, the word " uncertainty" was popular on recent earnings calls.
