Jamie Dimon, the CEO of banking giant J.P. Morgan Chase, believes the U.S. economy has been split into those benefiting from thriving corporations and those who are left behind. “It is absolutely obvious that a big chunk of [people] have been left behind,” Dimon said. “Forty percent of Americans can’t afford a $400 bill, whether it’s medical or fixing their car.”
Dimon was speaking at a company event to boost job prospects in underserved communities. But here’s the problem: the event took place in March of 2019. Dimon spoke these words a full year before the pandemic would bring the country to its economic knees. |
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May 2024
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