Bank of America CEO: AI job fears mirror 1969 predictions that computers would end management

BofA CEO Brian Moynihan said fears about AI eliminating jobs echo 1969 predictions that computers would make managers obsolete. He noted the US workforce doubled from 80M to 160M between 1969 and 2019 despite massive technological change. Moynihan positioned himself as a counterpoint to Anthropic's Amodei (50% of entry-level white collar jobs eliminated) and Geoffrey Hinton (massive unemployment). His argument: economies and labor forces have survived massive tech transformations before.

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