JPMorgan CEO Jamie Dimon says artificial intelligence could eventually allow people to work less and live better, but only after society absorbs a painful wave of job losses. Speaking on Fox News’ Sunday Morning Futures, Dimon compared AI’s impact to past technological revolutions that lifted productivity and improved living standards across generations.
He said AI won’t “dramatically reduce” jobs in the next year, but job elimination is inevitable. The real bottleneck, he warned, is whether society can retrain displaced workers fast enough. Dimon urged governments and companies to “phase in” AI adoption carefully, ensuring people are not left behind.
Despite the risks, he expressed confidence in AI’s long-term benefits, predicting that developed countries could eventually move to a three-and-a-half-day workweek. He said future workers will rely on AI agents capable of conducting research and managing day-to-day tasks.
Bank executives across Wall Street are striking a similar tone. Goldman Sachs CEO David Solomon said AI will reshape roles but praised the U.S. economy’s ability to adapt. Wells Fargo CEO Charles Scharf was more blunt, saying leaders who deny looming job cuts “don’t know what they’re talking about.”
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