The problem is not that the U.S. economy won't be able to take care of its citizens - it is that taking away benefits, creating intergenerational warfare, and scapegoating will make for very difficult and bad politics. This is a tragedy that we can see coming. Early action would be relatively painless.
Business has to have a seat at the table. Infrastructure isn't going to be built properly if business doesn't have a seat at the table. A school is not going to happen if businesses don't work with schools about what kind of jobs they really need.
Interpretation
What this quote means
Businesses need to collaborate with educational institutions to ensure that infrastructure and job preparedness align with market needs.
This quote by Jamie Dimon emphasizes the critical role that businesses play in shaping education and infrastructure development. By advocating for the inclusion of business perspectives in discussions about schools and infrastructure projects, Dimon highlights the importance of aligning educational outputs with the actual demands of the job market, ensuring that future generations are equipped with the skills necessary for success in the workforce.
Themes
In practice
Example use cases
In a conference on educational reform, this quote could be used to advocate for business involvement in school curriculum development.
More from Jamie Dimon
All quotes →If you're blindly loyal to me, then you're just acting like a crony of mine. If you say you admire me because of the principles for which I stand, I understand that, but then you also have the right to call me to the carpet when you think I'm falling short.
I'm a little bit of an eternal optimist. People always say to me, 'If you go do this and it fails, what are you going to do?' I don't care. I'm going to give it my best shot. That's what I'm going to do. If it doesn't work, it doesn't work. And I'll try again.
You don't run a business hoping you don't have a recession.
It is vital for officials and regulators to have input from people within our businesses who understand the intricacies of how financial markets operate and the consequences of certain policy decisions.
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I loved school, maybe too much, really. I was summa cum laude in high school. I was driven that way.