"I have a plan to retrain people, relocate people, income-assist people,"
"Phase it in. Retrain."
"You can't lay off 2 million truckers tomorrow. You can phase it in over time."
"Society will have more production. We're going to cure a lot of cancers. You're not going to slow it down. How do you have plans in place to make it work better if it does something terrible?"
Jamie Dimon expects JPMorgan Chase to employ fewer workers over the next five years while cautioning against rapid, unchecked AI-driven layoffs that could provoke civil unrest. He favors phased AI adoption combined with retraining, relocation and income-assist programs to protect employees and supports local government incentives or interventions if necessary to preserve social stability. Dimon used commercial trucking as an example where sudden full automation could displace well-paid workers, and he argued that technological progress will raise production and medical advances but requires proactive planning to manage negative social impacts.
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