JPMorgan Chase CEO Jamie Dimon contends that the U.S. economy would have grown even faster in the last decade if workers had the necessary skills.

Dimon recently said the global economy over the years has “grown enormously.”

“It's lifted billions of people out of poverty. It's done quite well. It does not mean there aren't flaws. I think we should distinguish that,” Dimon said, according to Yahoo Finance.

However, he said while the U.S. economy has expanded 20 percent in the last 10 years, it really should have grown by 40 percent.

“A normal recovery would have been 40%. And we made a list of all the reasons why — infrastructure, bad taxation to litigation, to regulations stopping the formation of small business. But a big one is skills,” Dimon said.

Dimon said it’s “absolutely obvious” that a “big chunk” of the economy has been left behind, Yahoo Finance explained.

"Forty percent of American people make less than $15 per hour; 40% of Americans can't afford a $400 bill whether medical or fixing their car, or something like that; 15% of Americans make minimum wages; 70,000 die from opioids; and, inner-city schools...that's where 50% aren't graduating,” Dimon said.

He added that there are 7 million jobs available, but people aren’t graduating with the necessary skills, Yahoo Finance quoted Dimon as saying.

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