Jamie Dimon has some advice on how to deal with bad employees: Fire them.
JPMorgan Chase‘s CEO said Thursday that poor-performing workers will “destroy your companies,” The Columbus (Ohio) Dispatch reported Friday.
Dimon also said U.S. economic growth is being slowed down by the political climate in Washington. “We’re growing at 2.5 percent,” he said. “We should be doing better.”
Dimon was speaking at the Columbus Chamber of Commerce’s annual meeting.
He added politicians are to blame for the lack of greater economic growth. “I blame them all,” Dimon said. “To me, they waste a lot of time pointing fingers and not collaborating.”
Another element slowing down economic growth in the U.S. is workforce readiness among young people, Dimon said. “Workforce readiness is a huge issue in the United States and a huge issue around the world,” he said.
Local businesses around the country should do more to prepare students to enter the workforce, Dimon said, according to the report. He also praised Germany’s apprenticeship programs, as they tie together work and school, readying students for a specific job once they graduate.
Read the full report here.