JPMorgan Chase CEO Jamie Damon The government should incentivize companies to support employees displaced by artificial intelligence, he said on Tuesday (March 24), CNBC. I mentioned Tuesday.
talk in Hill and Valley Forum In Washington, D.C., Dimon said government incentives could support employer actions such as retraining, early retirement, or moving employees to other jobs, according to the report.
Referring to the economic impact of artificial intelligence, Dimon said in the report: “It’s coming, it’s coming fast. This could be faster… So can we absorb people if they lose their jobs fast enough? And the answer is, I don’t know that’s going to happen, (but) I always like to be prepared.”
CNBC I mentioned In February, Dimon said that AI was already displacing employees at JPMorgan Chase, and that the bank had “huge redeployment plans” for those affected, so it could create new jobs for them.
Although there have been changes in the bank’s workforce, the bank’s headcount has remained essentially unchanged over the past year, according to the report. During that period, JPMorgan Chase reduced the number of operations and support roles and added roles that meet customer needs and generate revenue.
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Dimon also said then that companies and government must address the impact of artificial intelligence.
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“The community has to think about what they want to do if it becomes this kind of problem,” he said. “Now is a good time to start thinking about it.”
PYMNTS reported in February that if AI increases production per employee, companies face a capital allocation decision about expansion Number of employees Parallel or improve efficiency and margins.
Report soon after roadblock PYMNTS announced it would cut nearly 4,000 jobs, or roughly 40% of its workforce, and noted that Block’s move signals a shift toward operational leverage.
On March 15, Service now CEO Bill McDermott He said that university graduates may have difficulty finding work because of artificial intelligence and so on Unemployment For recent college graduates, “they could easily reach the mid-30s in the next couple of years.”
“Agents are going to be doing a lot of work,” McDermott said. “So it will be difficult for young people to differentiate themselves in a corporate environment.”
