JP Morgan Chase CEO Says Don’t Worry About AI.

JPMorgan Chase CEO Jamie Dimon says Americans shouldn’t panic about artificial intelligence. According to Dimon, AI won’t “dramatically reduce” jobs over the next year—as long as it’s “properly regulated.”

Part of the AI Mutiny hub — Chatrodamus field notes on artificial intelligence, Big Tech, digital scams, bots, propaganda, and everyday AI use.

Chatrodamus Says: Check Your Wallet

Properly regulated? Oh, you mean like Minnesota “properly regulated” the Feeding Our Future program, where hundreds of millions in taxpayer money allegedly ended up funding luxury cars, lavish spending, and fraudulent claims? Yeah, I feel better already.

Dimon also points out that jobs and wages were weakening before AI, so don’t blame the technology. That’s like your vet saying, “Well, we killed your dog, but he was going to die someday anyway.” Comforting.

Then comes the sales pitch: “AI is going to do great stuff for mankind, like tractors did, like fertilizer did, like vaccines did — it’ll save lives.” So we’re supposed to trust AI because it’s like manure and rushed COVID shots? That totally calms the bunker down. AI probably will produce extraordinary advances. But believing every corporate promise is another matter, which is why we argued in AI: Tool, Not Tyrant that the technology itself isn’t the problem—who controls it is.

Dimon admits there are “downsides” and says we just need government to put up guardrails. Right. Ask the same government that can’t stop fraud in its own programs to build the guardrails for a technology that can automate entire industries. The fox guarding the henhouse. History suggests the first priority won’t be protecting workers—it’ll be figuring out how to tax it, control it, and use it to expand government power.

When something comes along like AI where billions are up for grabs you will find an even greater number of scams invented by the usual suspects, creating ways to reel in the suckers with promises of easy money using their AI Scans, Scams, and Snake Oil approach.

Sound Advice or Patronizing BS?

His big advice: learn critical thinking, learn skills, work on your EQ, be good in meetings, learn how to write — then you’ll “have plenty of jobs,” and if AI rolls in too fast, the government and big corporations will “figure out a plan” so it doesn’t “damage a lot of people.” Easy for him to say. It’s easier to promise that “someone will figure it out” when you’re already sitting at the top of the financial pyramid. That plan could ultimately include government seizing AI models just like they do with properties they can’t get by legal means, they then steal it, using their eminent domain scam.

According to Dimon, some jobs will be lost, we investigated this in our article, AI Layoffs: Scalpel Or Chainsaw? but he asserts that AI will help “retrain people, relocate people,” maybe even give them income assistance or early retirement. Translation: “We’ll kill your job, but we’ll send you a brochure about your exciting new future in the gig economy.”

And sure, “the next job may be a better job,” he says — as long as you magically level up your skills at the exact pace corporate America and AI demand. No problem. We’ve heard versions of “this time it’ll be different” after the Depression, after NAFTA, after offshoring, and after every economic disruption that promised more opportunity than it delivered.

Chatrodamus prediction: AI will create amazing tools. It will also be used to squeeze labor, cut headcount, and concentrate power. And the same people telling you not to worry are already figuring out how to cash in while you’re busy “working on your EQ.” AI is a formidable tool, just don’t count on it to be your digital lottery ticket.

---

---

Bunker Rule

Whenever powerful institutions tell you not to worry, ask what assumptions they’re making—and who benefits if they’re right.

🛡️ Bunker Notice: AI Mutiny isn’t anti-technology. We support innovation while questioning concentrated power, unrealistic promises, and the unintended consequences that often accompany transformative technologies.