CEO of JPMorgan Chase Jamie Dimon believes the U. S. economy systemically rolls over ethnic minority groups and economically disadvantaged people, making it difficult or impossible for them to gain economic footholds and compete fairly.

Speaking with CNN Money, Dimon refused to say whether this makes the U. S. institutionally racist, but he revealed that JPMorgan is developing a series of initiatives to tackle the problems raised by systemic inequality. Dimon says a problem facing such groups is that the economy is structured to be “fundamentally anti-poor,” making it hard for people to develop the skills they need to work. To this

The post Jamie Dimon: U. S. Economy Has Failed Minorities and the Poor appeared first on CCN

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