JPMorgan Chase CEO Jamie Dimon cautioned that artificial intelligence could lead to significant job losses in the United States, advocating for a collaborative approach between government and businesses to mitigate the impact through incentives for workforce retraining and transition.
Dimon's Warning at Hill and Valley Forum
Speaking on a panel with Palantir's defense chief and former U.S. Representative Brendan Gallagher at the Hill and Valley Forum in Washington, D.C., on February 25, 2026, Dimon highlighted the risk of AI-induced unemployment. He stated, "If all of a sudden it creates unemployment, that's a big problem for society," underscoring the potential societal challenges.
Proposed Incentive System for Businesses
Dimon emphasized that businesses must lead efforts to address job displacement, but he urged the government to create an incentive system to encourage corporate action. Suggested measures include:
- Retraining workers for new roles
- Offering early retirement options
- Facilitating job moves within or across companies He argued that with appropriate frameworks, society can adapt more swiftly to AI-driven economic shifts.
Urgency and Call for Collaboration
Dimon warned that AI's economic impact will occur faster than past technological disruptions like the internet, which already displaced workers. He stressed the need for immediate government-business cooperation, noting, "It can't be just government. It's got to be business," but with policy support to ensure a managed transition.