Artificial intelligence will inevitably lead to job elimination, according to Jamie Dimon, CEO of JPMorgan Chase. While he notes that AI offers long-term benefits for productivity and living standards, he stressed the need for society to prepare for workforce disruptions by equipping individuals with skills that cannot be easily replicated by machines.
Dimon conveyed optimism about the potential of AI to enhance lives over time but was candid about the challenges ahead. He remarked that job losses are a certainty, adding that the speed of change could pose difficulties if societies do not adapt swiftly enough.
H2: AI as a Historical Advancement
Dimon likened the emergence of AI to previous technological breakthroughs such as tractors, fertilisers, and vaccines—innovations that have fundamentally altered economies and improved living conditions. However, he recognised that immediate job losses are to be expected.
H3: Positive Outlook for Mankind
“For the most part, AI is going to do great stuff for mankind,” Dimon stated, suggesting that in the future, people may work less and enjoy better lives. Nevertheless, he noted that this ideal future will not arrive without significant disruption, although he does not foresee dramatic job losses occurring as soon as next year.
Furthermore, he dismissed the notion that the recent hiring freeze among companies is primarily the result of AI, emphasising that broader economic factors are currently more influential.
H2: Skills for the Future
As automation progresses, Dimon encouraged workers to cultivate skills beyond mere technical abilities. He highlighted that critical thinking, emotional intelligence, creativity, and effective communication will be increasingly vital in an AI-centric economy.
Dimon warned, “People should stop sticking their heads in the sand,” arguing that while job displacement will occur, it does not spell the end for employment opportunities—provided individuals are ready to adapt. However, he cautioned that rapid changes may hinder societies’ ability to retrain and reintegrate displaced workers on a large scale.
H3: The Future of the Workweek
In November 2025, Dimon previously raised concerns about the repercussions of AI, predicting that it might eventually enable individuals in developed nations to work significantly fewer hours—possibly only three and a half days a week—over the next 20 to 40 years.
“My guess is the developed world will be working three and a half days a week in 20, 30, or 40 years,” he remarked at the America Business Forum in Miami, imagining a future where AI systems assist with research and routine tasks right from the start of the day.
Despite these predictions, Dimon reaffirmed the necessity for careful management of the transition. He called for improved planning regarding retraining, relocation, income support, and early retirement—lessons from past industrial upheavals that he believes were not fully implemented.
H2: Addressing the Human Cost
“We should look at how we phase it in a way that we don’t damage a lot of people,” he emphasised, noting that while the potential of AI is enormous, the human toll must not be overlooked.
