Jamie Dimon says AI will improve the lives of the next generation, and young people can aim for success by developing specific skills.
JPMorgan’s CEO predicted in a recent CBS interview that 30 years from now, people will “probably be working 3.5 days a week.”
“They’ll probably live to be 100 years old, and they won’t get many of the diseases that affect so many of us,” Dimon continued. “There will be a cure for cancer, cars will be safer, and airplanes will be safer.”
The next generation will be able to “hike more” and “do all the things” that modern people don’t have time for, he added.
“The risk is if we move too fast,” Dimon said, suggesting AI could wreak painful havoc on the labor market.
He said governments, businesses and other stakeholders need to work together to find solutions when such problems occur because “crying over spilled milk will not solve the problem.”
When asked how young people can stay ahead in the age of AI, Dimon offered some advice.
“Learn to think,” he said. “Talk to anyone. Be deeply curious about the world.”
Communication, teamwork and emotional intelligence are also important, he said, adding that having a work ethic and purpose also helps.
“Their lives are going to be more complicated than ours,” Dimon said, predicting that future workers will hold more jobs throughout their careers.
Dimon made a similar prediction for AI in the fall of 2023.
“Thanks to technology, your kids are going to live to be 100 years old, they’re not going to get cancer, and they’re going to probably work three and a half days a week,” he told Bloomberg at the time.
Other business leaders are making grand predictions about how technology will change people’s lives.
Microsoft co-founder Bill Gates said in late 2023 that AI could improve productivity so much that humans “don’t have to work as hard” and “just work three days a week.” [can we get a more recent perspective here — from 2025 latest]
Tesla and SpaceX CEO Elon Musk said work will eventually become “optional,” like “playing sports or playing video games.”
These days, he predicts that AI and other technological innovations will create so much wealth that in 20 years, retirement savings will be “meaningless” and no one will need to stay home.