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Jamie Dimon Says AI Will Eliminate Jobs, 'It Is What It Is' — But Warns Cutting $150,000 Truck Driving Jobs To $25K A Year Would Bring 'Civil Unrest' (finance.yahoo.com)
submitted 1 month ago by to c/futurology@lemmy.world
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For workers wondering how far artificial intelligence could go, JPMorgan Chase CEO Jamie Dimon has a straightforward answer — AI is going to change the job market, whether people are ready for it or not. Some jobs will disappear, others will change and new ones will likely emerge. But Dimon warned that the speed of that transition could matter just as much as the technology itself.

"As a business person, my view is don't put your head in the sand," Dimon said at the World Economic Forum's annual meeting in Davos, Switzerland, in January. "It is what it is. We're going to deploy it. Will it eliminate jobs? Yes. Will it change jobs? Yes. Will it add some jobs? Probably."

They spend so much on eliminating jobs and social programs. The government enables this by giving them tax cuts with money obtained by taking food out of the mouths of children? We could never "afford" universal health-insurance, but we could afford to invest in eliminating human workers that just want to put a roof over their head?

Seems like a recipie for guillotines.

But, hey

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[–] 1 point 1 month ago

I think one company recently realized why AI won't work as great as they expect it to. It's expensive! It costs more than current employees. On top of that companies are handing over power to other companies who control the AI they implement. So the company loses lower wage people and control of elements of their own company, not to mention if the AI is used to talk with the customer they hate it and can lead to worse service which lowers the brands name. The last part is if it's expensive now it will only continue to get more expensive not lower. Thats just not how businesses work. So that contract they signed today will most likely put a clause of 5% yearly annual increase and when the contract is up it also will most likely cost more upon renewal. So they no longer have the choice to stiff employees each year by saying sorry no raises. Idk how companies can justify this expense over an ectual employee.

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