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"If you live in some parts of the city, whether you're white, Hispanic or black, you can be left behind," Dimon told CNN's Poppy Harlow in an interview with Boss Files on Monday.
A big part of this strategy is helping low-income Americans, including those who have been stigmatized criminal record that makes it difficult for them to find work and keep them cycling in and out of jail.
"Children are not getting the education they need to find a job," Dimon said. "And I'm talking about a real job."
Dimon emphasized the overemphasis granted by employers to candidates with a four-year university degree and said that greater value should be given to graduates community college, or receive other types of training. Some positions should not require university degrees, he added.
The chief executive officer, who has led JPMorgan Chase since 2005, said the bank was removing the conditions for obtaining a university degree in many of its job offers. About 75% of the US positions that JPMorgan posted in 2018 did not require a university degree.
Dimon also said that there should be more job opportunities for convicts who have served their sentence – and that he would like to hire more.
"Many of these people would probably never have been criminals, or paid their price," he said. "They have families, they have children, they can not get credit, they can not have a house, they have a hard time finding a job, and they deserve a second chance."
Regulations have always made it "very difficult" for financial services companies to hire ex-offenders, he said. But JPMorgan intends to make targeted efforts to develop "specific programs for specific jobs". to make the process less difficult.
"These are not necessarily violent and permanent criminals," said Dimon. "These are people who made a mistake when they were young, I tell my friends, you made a lot of mistakes when you were young too, you just did not get caught.
For Dimon, these efforts are not just about philanthropy. In his opinion, they can also stimulate the economy.
More effective vocational training programs would make people released from prison "a lot happier and more productive," he said. "And it would be good for society."
Such programs are more effective when businesses can work with local governments and education systems, according to Dimon.
He generally expressed skepticism about the federal government's ability to manage his money and said Democrats and Republicans needed to do more to justify their spending decisions. This should be part of the larger policy debate on raising personal tax rates, he said.
"Nobody believes that just sending more money to Washington will fix the … problems we have encountered," said Dimon.
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