Walker’s analysis adds some real meat to a debate that has rocked Wall Street—and many retail traders’ portfolios—as several viral doomsday essays about AI eating the economy trickled into actual stock market volatility. AI executive Matt Shumer and the top finance Substack, Citrini Research, both warned that AI will be much more capable of doing white-collar work, and much sooner, than many people think. Top executives including Microsoft’s Mustafa Suleyman (“Human-level performance on most, if not all professional tasks” will be automated); Amazon’s Andy Jassy (“You won’t need as many human beings”); and JPMorgan’s Jamie Dimon (“Now’s the time to start thinking about it”) added their voices to the chorus.
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