Economics
Dimon: the U.S. Is Hurting the Economy by Forcing ‘Great’ Talent Overseas
- ‘We are forcing great talent overseas’ he writes in letter
- Trump administration is reining in visas for skilled workers
JPMorgan's Dimon Says Bank Must Prepare for Hard Brexit
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JPMorgan Chase & Co. Chief Executive Officer Jamie Dimon told investors the U.S. is hurting the economy and growth by forcing hundreds of thousands of foreign students to leave every year after earning advanced degrees at American universities.
“It is alarming that approximately 40 percent (this is an astounding 300,000 students each year) of those who receive advanced degrees in science, technology, engineering and math” have no legal way of staying in the U.S., Dimon told shareholders in his annual letter Tuesday. “We are forcing great talent overseas by not allowing these young people to build their dreams here.”