JPMorgan CEO Jamie Dimon said America hasn’t managed immigration well.
JPMorgan Chase Chairman and CEO Jamie Dimon remarked that America has not effectively managed its immigration policies, expressing his endorsement for a merit-based immigration system. The United States remains a crucial player on the global stage. It is not essential due to our superior position. It is essential due to our status as possessing the most formidable military globally, being the most prosperous nation, maintaining the strongest economy, leading in technological advancements, and upholding the foundational principles that support such innovations and freedoms. It is what attracted individuals to this location, Dimon stated.
His comments were made in a discussion with Databricks CEO and Co-founder Ali Ghodsi at the Data + AI Summit 2025 held in San Francisco last week. Dimon emphasized that “America’s role is indispensable.” The role encompasses economic factors, military considerations, and educational aspects, facilitating the desire of individuals to come and remain here, ideally through a more merit-based approach, which is advisable. The most critical aspect is that.
He remembered that his grandparents were Greek immigrants who did not attend high school. Dimon stated that he possesses a compilation of policies in which America has underperformed. We do not execute mortgage policies effectively, we have not managed immigration policies adequately, we struggle with affordable housing policies, and we fail to teach work skills properly, he stated. Individuals arrive in this nation to embrace American identity, which inherently encompasses the principles of free speech, entrepreneurial liberty, and overall freedom, he remarked.
His remarks were made during a period when the Trump administration has escalated its enforcement measures regarding immigration, especially concerning undocumented immigrants. In response to an inquiry regarding the leadership roles of China and the United States, he asserted that the military leadership of the United States is essential for the vitality of a future characterized by freedom and democracy. He emphasized that America ought to maintain its position as a technological leader, asserting that it is unwise to provide China with the nano chips that could enhance their supersonic missile capabilities. He noted that when China decides to pursue an initiative, they deploy 50,000 engineers to it.
