Scott Santens, CEO of the ITSA Foundation and former economics advisor to Democratic presidential nominee Andrew Yang, has advocated for a four-day working week and universal basic income (UBI) in the United States. His comments align with predictions made by JPMorgan Chase CEO Jamie Dimon, who envisioned a future where the next generation works approximately three-and-a-half days a week due to advancements in artificial intelligence (AI).
Speaking to Newsweek, Santens argued that as productivity continues to rise, driven by computerization and AI, the benefits should be universally shared. He suggested that a four-day workweek and UBI are logical steps to ensure that everyone benefits from these technological advancements. "Machines should literally work for all of us," he stated.
However, Professor Janice I. Glasgow from Queen's University in Canada offered a contrasting view. She noted that while AI and technology have increased productivity, this has not historically led to a shorter workweek. Despite significant technological advances over the past 50 years, the standard workweek has remained largely unchanged.
Jamie Dimon, in a November 2023 interview with Bloomberg TV, predicted that future generations would live longer and work fewer days per week, attributing this shift to technological progress. He highlighted that AI would be crucial to JPMorgan Chase's future success and that technology has consistently replaced jobs throughout history.
Recent advancements in AI, such as the development of large language model chatbots like ChatGPT and image generators like Midjourney, have raised concerns about potential job displacement. Tesla CEO Elon Musk announced earlier this year that Optimus, Tesla's humanoid robot, would be available for sale in 2026, further fueling discussions about the impact of AI on employment.
In November, Texas Senator Ted Cruz called for an investigation into alleged attempts by foreign entities to influence AI policy within the United States. A survey conducted by Talker Research found that 43% of Americans would be uncomfortable with AI conducting job interviews, while only 32% would feel comfortable, and 26% were unsure.
These developments underscore the ongoing debate about the future of work and the role of AI in shaping employment patterns and economic policies.