Jamie Dimon is raising awareness about the rise of artificial intelligence, but he reassures workers that there’s no need for alarm.

Rather than focusing solely on tech know-how, the prominent banker emphasizes the importance of honing human-centric skills that AI cannot yet emulate.

In an interview with Fox News, the JPMorgan Chase CEO provided a straightforward forecast of AI’s growing influence on the job market.

“AI will lead to job losses,” Dimon acknowledged. “However, this doesn’t imply that new opportunities won’t arise.”

He advised individuals to prioritize critical thinking. “Master essential skills. Develop strong communication and writing abilities. There will be no shortage of job opportunities,” he suggested.

Dimon’s warning comes as artificial intelligence moves from the realms of science fiction to a hard reality for millions of workers. 

Across corporate America, executives are increasingly candid about the disruption AI is already causing especially for younger and white-collar employees.

Some labor experts say AI is already a factor in a rising unemployment rate among young workers. 

Jamie Dimon is sounding the alarm on artificial intelligence but his message to workers is not to panic

Speaking on Fox News the JPMorgan Chase CEO offered a blunt assessment of what’s coming as artificial intelligence spreads across the economy

Dimon pushed back on the idea that artificial intelligence is already driving widespread job losses, arguing instead that today’s softer labor market has more to do with caution than code.

‘Jobs have gotten a little weaker, wages have gotten a little weaker,’ Dimon said to host Maria Bartiromo. ‘You talk to businesses, they’re going to be a little more cautious hiring. That’s not because of A., that’s just because they want to do more with less.’

While acknowledging that artificial intelligence will eventually displace workers, Dimon rejected forecasts that suggest a sudden collapse of employment.

‘Look, I don’t think AI is going to dramatically reduce jobs,’ he said, describing the technology as a long-term force for progress.

‘For the most part, AI’s going to do great things for mankind like tractors, fertilizers, vaccines did.’

Dimon said the benefits could ultimately transform everyday life, predicting a future where people work less while living better.

‘Maybe one day we’ll be working less hard but having wonderful lives,’ he said. ‘It’ll cure a lot of cancers.’

Still, Dimon warned that those gains will only come if artificial intelligence is properly governed.

Dimon warned AI will eliminate jobs but said workers who build real-world skills will still find opportunity

Dimon has long argued that leadership and long-term career success depends more on skills that aren’t easily coded

‘Now, of course it needs to be properly regulated,’ he said. ‘There are downsides just like there are to airplanes, pharmaceuticals, cars. All things get used by bad people.’

Even with guardrails, Dimon acknowledged that job displacement is inevitable.

‘But it will eliminate jobs,’ he said. ‘That doesn’t mean that people won’t have other jobs.’

Dimon cautioned that the pace of change rather than the technology itself poses the biggest risk.

‘If it does happen too fast for society, which is possible, you know, we can’t assimilate all these people that quickly,’ he said, comparing the transition to past economic upheavals caused by farming automation, electricity and the internet.

‘This may be a little bit longer, and it’ll be a little harder to assimilate people,’ Dimon added.

He said governments and companies must learn from past mistakes and manage the transition more deliberately.

‘Government and we the companies, society, should look at how do we phase it in a way that we don’t damage a lot of people,’ Dimon said. ‘You can retrain people, relocate people, income assistance, early retirement.’

Dimon argued that new work will emerge, and in some cases, better-paying work, but only for those willing to adapt.

‘The next job pay be a better job, but they have to learn how to do the job,’ he said. ‘And skills, you can earn quite a bit of money in the skills.’

In the near term, Dimon predicted AI-driven investment could actually increase employment.

‘You have a huge amount of construction that needs to take place,’ he said. ‘You need roads and trucks and drivers. You need servers, you need fire — all of that.’

‘So it’s going to cause probably more jobs in the short run in total,’ Dimon added.

Dimon’s warning comes as artificial intelligence moves from the realms of science fiction to a hard reality for millions of workers 

In May, Anthropic CEO Dario Amodei issued one of the starkest predictions yet, warning that artificial intelligence could erase up to half of all white-collar jobs over the next five years.

Other corporate leaders are bracing for sweeping change.

‘It’s very clear that AI is going to change literally every job,’ Walmart CEO Doug McMillon told The Wall Street Journal in an interview published in September. ‘Maybe there’s a job in the world that AI won’t change, but I haven’t thought of it.’

While AI can draft emails, analyze spreadsheets and automate routine tasks, Dimon has long argued that leadership and long-term career success depends more on skills that aren’t easily coded.

In July 2024, he emphasized the importance of judgment, curiosity and self-awareness while speaking on LinkedIn’s This Is Working video series.

‘If you don’t have an accurate assessment of the real world out there, what’s changing, what the ideas are, you will eventually fail,’ Dimon said.

That belief underpins his latest warning -that in an AI-saturated workplace, workers who can think critically, communicate clearly and read the room may become more valuable, not less.

While AI excels at administrative and task-based work, studies show it still struggles with nuanced judgment, ethical reasoning and contextual decision-making – precisely the areas where human workers can differentiate themselves.

Workers seen as strong communicators are often more trusted, more influential and more likely to advance.

Harvard University associate professor Alison Wood Brooks says many people underestimate what real listening looks like in the workplace.

‘Successful conversationalists and successful employees go a step further’ than basic eye contact or nodding, Wood Brooks told CNBC.

‘Listening to somebody’s answer then probing for more information is a superhero move, and a shockingly low number of people think to do it,’ she said. ‘You should show [you’re listening] by saying [you are] out loud.’