""Don't put your head in the sand," he urged. "It is what it is. We're gonna deploy it." "Will it eliminate jobs? Yes. Will it change jobs? Yes. Will it add some jobs? Probably. . . . However, it may go too fast for society, and if it goes too fast for society that's where governments and businesses [need to] in a collaborative way step in together and come up with a way to retrain people and move it over time.""
""We're not gonna kill all of our employees because of AI," he said. "We're just not." "You want the government to tell you you can't lay off a whole bunch of people at JPMorgan?" moderator Zanny Minton Beddoes, editor-in-chief of The Economist, asked. "We'd agree," Dimon replied. "If we have to do that to save society." "You'll have civil unrest.""
AI could eliminate jobs, change job functions, and create some new roles while potentially moving faster than society can absorb. Governments and businesses should collaborate to phase in AI, provide retraining, income assistance, and relocation support to prevent mass unemployment. Gradual deployment and targeted regulation can give workers and companies time to adapt and develop solutions. Immediate, large-scale layoffs risk civil unrest. Local-level policies and incentives can help preserve employment stability and fund transitions for displaced workers.
Read at Fast Company
Unable to calculate read time
Collection
[
|
...
]