J.P. Morgan CEO Jamie Dimon has voiced concern about the declining labor force participation rate in the U.S. and the shortfalls of the educational system in preparing people for emerging roles. I
J.P. Morgan Chase is expanding a previous program designed to boost job prospects for people at risk of being shut out of the economy.
div > div.group > p:first-child"> The bank's new five year plan, announced Monday, includes $200 million to develop training programs for in-demand digital and technical roles, $125 million to boost collaboration between employers and the educational system, and $25 million to help spread labor market data and analysis that will help companies focus on ways to life people out of low-wage positions.
n 2013, the bank announced a $250 million commitment called New Skills at Work that was focused on people with a high school degree. The bank said it helped 150,000 people gain skills to compete for better-paying jobs. "The new world of work is about skills, not necessarily degrees," Dimon said in a statement."Too many people are stuck in low-skill jobs that have no future and too many businesses cannot find the skilled workers they need. We must remove the stigma of a community college and career education, look for opportunities to upskill or reskill workers, and give those who have been left behind the chance to compete for well-paying careers today and tomorrow.
The company will focus its efforts on education and job training programs that help women, people of color, veterans and others prepare for roles in technology-related fields.
Indonesia Berita Terbaru, Indonesia Berita utama
Similar News:Anda juga dapat membaca berita serupa dengan ini yang kami kumpulkan dari sumber berita lain.
JP Morgan escalates deposit wars with expansion into the heart of Bank of America countryAs J.P. Morgan seeks to cover most of the U.S. population with branches by 2022, it is heightening a rivalry with the country's biggest banks. Banks of all sizes are competing for deposits to fuel growth.
Baca lebih lajut »
J.P. Morgan pares year-end forecast on three-month LIBORJ.P. Morgan analysts said on Friday what banks charge each other to borrow dolla...
Baca lebih lajut »
JP Morgan is about to launch the lowest-fee US stock market ETF yetJ.P. Morgan is about to launch a broad US stock market exchange-traded fund that charges two basis points, beating out ETFs by Schwab, Vanguard and BlackRock.
Baca lebih lajut »
Morgan Stanley says emerging markets investors are set for strong gainsAn emerging markets index under MSCI could surge as much as 8 percent by the end of this year, Morgan Stanley predicted in a Monday report.
Baca lebih lajut »
'Don't trust the strong rally': Morgan Stanley warns stocks aren't out of the woods just yetThe stock market's rally so far this year shouldn't be trusted, Morgan Stanley equity strategists said in a new report.
Baca lebih lajut »
Apple stock gains after Morgan Stanley sees signs of iPhone stabilization in China
Baca lebih lajut »
Apple's iPhone sales are starting to stabilize in China, Morgan Stanley saysApple's iPhone sales are starting to stabilize in China, Morgan Stanley says.
Baca lebih lajut »
Morgan Stanley's Jonas: Tesla's stock to drop because price cuts reveal demand 'air pocket'Tesla's Model 3 price cut suggests the electric car maker is approaching an 'air pocket' in demand, Morgan Stanley says.
Baca lebih lajut »
Tesla is facing an 'air pocket' in demand earlier than expected, Morgan Stanley saysA team of analysts led by Adam Jonas at Morgan Stanley lowered their price target on shares of Tesla for the second time in as many months.
Baca lebih lajut »
Is Amazon a friend or foe of the auto industry? Morgan Stanley isn't sureMorgan Stanley's Adam Jonas is closely watching what Amazon's doing in the electric vehicles space.
Baca lebih lajut »