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For workers wondering how far artificial intelligence could go, JPMorgan Chase CEO Jamie Dimon has a straightforward answer \u2014 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. <\/p>\n
“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<\/a> 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.” <\/p>\n Don’t Miss: <\/p>\n Dimon was responding to a question about whether AI could have a major impact on the labor market, including the possibility that half of all entry-level white-collar jobs could disappear within one to five years. Rather than predicting exactly how many jobs will be lost, he focused on what businesses and governments should do if the technology moves faster than workers can adapt. <\/p>\n “You can hope for the world you want, but you’re gonna get the world that you got and your competitors are gonna use it and countries are gonna use it,” Dimon said. <\/p>\n He also warned that AI could move “too fast for society.” If that happens, he said, government and businesses may need to work together to retrain workers<\/a>, help people relocate and provide income assistance during the transition. <\/p>\n Dimon pointed to Trade Adjustment Assistance<\/a>, a federal program designed to help workers who lose their jobs because of trade, as an example of what was supposed to happen. But he said the program was “incredibly poorly done” in the U.S. and “did not work.” This time, he said, the goal should be to have a plan that actually works. <\/p>\n The $150,000-$25,000 Pay Cut <\/p>\n Dimon then offered a hypothetical example involving one of the jobs that could eventually be affected by AI \u2014 truck driving. <\/p>\n There are 2 million commercial trucks in the U.S.<\/a>, Dimon said, and AI could eventually make it possible to operate trucks with the push of a button. The technology could save lives, make transportation faster and reduce carbon emissions. But that doesn’t mean the transition should happen overnight. <\/p>\n Trending: Think Your IRA Can Only Hold Stocks And Funds? Think Again. Here’s What A Self-Directed IRA Can Actually Invest In.<\/a> <\/p>\n “And should you do it all at once if 2 million people go from driving a truck making $150,000 a year to a next job that might be $25,000?” Dimon asked. “No. You’ll have civil unrest. So therefore, phase it in.” <\/p>\n The $150,000 and $25,000 figures were hypothetical examples Dimon used to illustrate the potential economic shock of a rapid transition. He wasn’t saying those are the actual average salaries for truck drivers or their next jobs. <\/p>\n You Can’t Lay Off 2 Million Truckers Tomorrow <\/p>\n For Dimon, the answer isn’t to stop AI. It’s to give workers and communities time to adjust. <\/p>\n “Just tell them you can’t layoff 2 million truckers tomorrow. You can phase it in over time,” Dimon said. <\/p>\n He suggested that some of the response could happen at the local level, with incentives for companies to retrain workers, slow down the transition where necessary and provide income assistance. <\/p>\n At JPMorgan, Dimon said the bank isn’t going to eliminate its workforce overnight because of AI. But when asked whether the company could have fewer employees in five years, he acknowledged that it could. <\/p>\n “Well, if we’re good, we’ll have, you know, we’re growing still around the world. But my guess is there’ll be fewer employees, yeah,” Dimon said. <\/p>\n See Also: 40% Of Americans Aren’t Invested In The Stock Market. And Money Isn’t The Only Reason.<\/a> <\/p>\n Preparing For What You Can’t Predict <\/p>\n The broader lesson isn’t just about truck drivers or AI. Jobs can change for plenty of reasons, and workers don’t always get much warning before an industry, company or position is transformed. <\/p>\n That makes financial preparation important even when the exact risk is impossible to predict. Having a clear picture of income, expenses, savings, debt, insurance and long-term goals can make a major change easier to handle. <\/p>\n For people who want help making sense of those decisions, AdviserMatch<\/a> can connect consumers with financial advisors based on their financial needs and goals<\/a>. A financial professional can help someone look at the bigger picture and build a plan around the things they can actually control. <\/p>\n Nobody can predict exactly which jobs will disappear, which industries will change or what the next major disruption will look like. But people can prepare for the possibility that their financial circumstances may change. <\/p>\n Some things will always be outside a person’s control. Financial clarity isn’t one of them. <\/p>\n Read Next: Boston’s Seaport Keeps Getting Bigger. Now A 297-Room Hyatt Place Is In The Middle Of It. Here’s A Look At The Real Estate Opportunity Behind The Hotel.<\/a> <\/p>\n Building Wealth Across More Than Just The Market <\/p>\n Building a resilient portfolio means thinking beyond a single asset or market trend. Economic cycles shift, sectors rise and fall, and no one investment performs well in every environment. That’s why many investors look to diversify with platforms that provide access to real estate, fixed-income opportunities, precious metals, and even self-directed retirement accounts. By spreading exposure across multiple asset classes, it becomes easier to manage risk, capture steady returns, and create long-term wealth that isn’t tied to the fortunes of just one company or industry. <\/p>\n Arrived <\/p>\n Backed by Jeff Bezos, Arrived Homes makes real estate investing accessible with a low barrier to entry. Investors can <\/a>buy fractional shares of single-family rentals and vacation homes starting with as little as $100<\/a>. This allows everyday investors to diversify into real estate, collect rental income, and build long-term wealth without needing to manage properties directly. <\/p>\n Realberry <\/p>\n For accredited investors looking beyond traditional stocks and bonds, <\/a>Realberry provides access to institutional-quality real estate investments, including a preferred equity opportunity in the 297-room Hyatt Place Boston Seaport.<\/a> The firm has invested across multiple property types and markets, with 13 million square feet of real estate across seven U.S. states and $481 million in cumulative distributions paid to investors as of Q4 2025. <\/p>\n Skybound Entertainment <\/p>\n Entertainment franchises can become valuable long-term assets when they successfully expand across multiple platforms. <\/a>Skybound Entertainment, the company behind The Walking Dead and Invincible, develops original intellectual property that spans comics, television, film, video games, merchandise, and licensing<\/a>. With more than 250 IPs in its portfolio and a strategy focused on retaining franchise rights while scaling successful stories across media, Skybound offers investors exposure to the growing entertainment and creator economy through a private company rather than traditional public market investments. <\/p>\n American PowerGen <\/p>\n As artificial intelligence drives a surge in electricity demand, reliable power generation is becoming a critical part of the technology ecosystem. <\/a>American PowerGen is developing natural gas-fired power plants in Texas, a fast-growing market fueled by AI data centers, manufacturing expansion, and population growth.<\/a> By advancing projects through permitting, fuel supply, and grid interconnection, the company is positioning itself to help meet rising energy needs while offering investors exposure to the infrastructure supporting the next wave of AI and industrial growth. <\/p>\n EquityMultiple <\/p>\n For accredited investors looking beyond stocks and bonds, EquityMultiple provides access to vetted commercial real estate deals starting at $5,000<\/a>,<\/a> with only ~5% of opportunities passing their due diligence process. <\/p>\n FarmTogether <\/p>\n Farmland has historically held its value through market volatility and delivered returns uncorrelated to stocks and bonds. For accredited investors, <\/a>FarmTogether offers direct access to high-quality U.S. farmland starting at $15,000<\/a> \u2014 fully managed, with no landlord headaches. <\/p>\n Fundrise <\/p>\n Private real estate and private credit can add income and stability to a stock-heavy portfolio. <\/a>Fundrise offers access to diversified private real estate<\/a> and credit strategies through an easy-to-use platform, with professionally managed portfolios designed to generate passive income and long-term growth. <\/p>\n This article Jamie Dimon Says AI Will Eliminate Jobs, ‘It Is What It Is’ \u2014 But Warns Cutting $150,000 Truck Driving Jobs To $25K A Year Would Bring ‘Civil Unrest’<\/a> originally appeared on Benzinga.com<\/a> <\/p>\n \u00a9 2026 Benzinga.com. Benzinga does not provide investment advice. All rights reserved. <\/p>\n","protected":false},"excerpt":{"rendered":"Benzinga and Yahoo Finance LLC may earn commission or revenue on some items through the links below. 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