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JPMorgan Chase CEO Jamie Dimon says the real labor issue is a lack of skills, not workers.
JPMorgan Chase CEO Jamie Dimon. (File photo via Getty Images via AFP)
JPMorgan Chase CEO Jamie Dimon has sounded an alarm for American businesses, highlighting that the real labor issue is not a shortage of workers but a lack of skills. At the Business Roundtable’s CEO Workforce Forum, Dimon urged corporate leaders to take proactive measures by partnering directly with educational institutions to bridge the widening skills gap.
“What you’re truly lacking are the necessary skills,” Dimon noted, emphasizing vital areas such as cybersecurity, coding, project management, and financial literacy. He underscored the importance of companies investing in educational pipelines and advocating for curricula that integrate job-ready credentials with traditional academics.
Dimon, a strong proponent of workforce development, believes that the ongoing mismatch between job vacancies and qualified candidates poses a significant threat to economic growth and innovation across various sectors, including advanced manufacturing, healthcare, technology, and financial services. He highlighted global projections indicating that 10 million jobs could remain unfilled by 2030 due to a shortage of skilled talent. “We must dismantle the barriers between education and employment,” Dimon declared at a recent economic summit. “It’s crucial to establish a system that supports lifelong learning, adaptation, and career growth—not just initial job placement.”
WEF’s Future Of Jobs Report 2025 Rings The Bell
The WEF’s Future of Jobs Report 2025 earlier revealed that 63% of employers view skill gaps as the primary challenge to business transformation. These gaps are hindering progress across industries and compelling businesses to invest heavily in workforce training.
The pace of change is rapid. The WEF projects that by 2030, 39% of key job skills will be outdated or require substantial updating. Even by 2027, nearly 60% of workers will need retraining in areas like AI, analytics, creative thinking, and resilience.
This escalating demand places immense pressure on employers and governments to act swiftly and commit to continuous upskilling and reskilling initiatives.
A team of writers and reporters decodes vast terms of personal finance and making money matters simpler for you. From latest initial public offerings (IPOs) in the market to best investment options, we cover al…Read More
A team of writers and reporters decodes vast terms of personal finance and making money matters simpler for you. From latest initial public offerings (IPOs) in the market to best investment options, we cover al… Read More
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