In a podcast with Recode, the JPMorgan CEO reiterates why you can't make an omelette without breaking a few eggs.
So, what would Dimon do if he were in charge?: Overhaul immigration. "We are pushing capital and brains out of America today," he said. Expand the earned income tax credit to help "lower-income and underprivileged people, especially in inner cities." Raise the minimum wage, but "not equally everywhere." Deploy relocation, training and income assistance programs to help people who have lost their jobs. He acknowledged that technology's rapid and disruptive pace does create problems, but said the solution is to devise programs that will address those problems directly, rather than trying to treat the root cause.