There’s a fair amount of hand-wringing over how much damage artificial intelligence will inflict on the jobs market: Fed chairman Jerome Powell is keeping a close eye on it, Anthropic’s CEO Dario Amodei reckons about 50% of entry-level white collar jobs will be eliminated, and the “Godfather of AI” Geoffrey Hinton predicts it will cause massive unemployment.It’s perhaps no surprise, then, that a study from Pew Research last year showed approximately half of workers (52%) are worried about the future impact of AI use in the workplace, and 32% think it will lead to fewer job opportunities for them in the long run.Bank of America CEO Brian Moynihan is considerably less gloomy on the subject. He is of the opinion that while yes, AI will be disruptive across every level of the banking industry, economies and labor forces have come through massive technological transformations before without it leading to a complete meltdown in employment. Speaking on the ‘This is Working’ podcast earlier this month, the Wall Street veteran said he looks to previous eras as an example for how large language model rollouts may impact the workforce: “The example I use—and whether it will be now or not, we’ll find out in the future—is in 1969, there were 80 million people working in the United States. In 2019, there were 160 million people. Think about the amount of technology that applied in America from that time, to 2019.