13 hours ago
Jamie Dimon to American companies: You are really short of the skills you need, time to ...
Jamie Dimon
JPMorgan Chase
CEO
Jamie Dimon
has issued a warning to American businesses: the real labor crisis isn't a worker shortage—it's a
skills shortage
. Speaking at the Business Routable's CEO Workforce Forum, Dimon asked the coperate leaders to not wait for the government fixes and should directly partner with the schools to close the growing talent gap. 'What you're really short of is the skills you need,' Dimon said, pointing to critical areas like cybersecurity, coding, project management, and
financial literacy
. He stressed that the companies must invest in education pipelines and push for curricula which blends job-ready credentials with traditional academics.
Dimon who is an advocate of
workforce development
, feels that continous mismatch between available jobs and qualified candidates act as a threat to economic growth and innovation across multiple sectors ranging from advanced manufacturing and healthcare to technology and financial services.
He also mentioned that global estimates suggest that 10 millions of jobs will go unfilled by 2030 due to lack of skilled talent.
"We need to break down the barriers between
education and employment
," Dimon stated at a recent economic summit. "It's time to build a system that helps people learn, adapt, and thrive throughout their careers—not just at the start."
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He asked for high-schools and colleges to offer workplace focused courses as part of their curriculum. The billionaire banker also stressed that businesses can't rely solely on four-year degrees. 'They all want jobs,' he said of young graduates. 'But many end up in retail or inventory roles, when there are jobs in coding, cyber, and financial management.'
Dimon is also calling for unprecedented collaboration between the private sector, government agencies, and educational institutions. He advocates for incentives for companies that invest in workforce training and increased public funding for apprenticeship programs and digital learning platforms. "No single entity can solve the skills crisis alone," he emphasized. "It will take all of us working together."
