In his annual letter to shareholders, longtime JPMorgan Chase Chairman and CEO Jamie Dimon said there are only two ways of mending the “frayed American dream.” Neither of them have to do with banking.
America is rife with policy errors that need to be remedied, Dimon wrote in his annual shareholder letter released on Tuesday. The pandemic vastly exacerbated income inequality and left millions in the lurch without a safety net, definitively killing the American Dream for some in the process. But Dimon believes moving towards skills-based hiring and paying minimum wage workers more could stem these issues.
