The rise of artificial intelligence could trigger a major shake-up in the job market within just a few years, according to Monzo founder Tom Blomfield, who says the impact is already beginning to show.
Speaking on the podcast The Rest Is Money, Blomfield warned that white-collar jobs are likely to be hit first, especially roles involving analysis, administration, and routine digital work that AI systems are rapidly improving at.
He suggested that even highly skilled professions may not be safe in the long run, arguing that AI tools are already approaching levels where they can perform complex reasoning tasks once reserved for trained specialists.
One of his most striking predictions is that companies may stop hiring large numbers of junior employees, instead relying on AI to handle entry-level tasks such as drafting, research, and basic decision-making.
Blomfield also pointed to sectors like law and medicine, saying that as AI improves, even senior professionals could see parts of their work heavily automated or supported by systems that outperform human speed and consistency.
Beyond jobs, he raised the possibility of a deeper economic shift, suggesting that governments may eventually struggle to rely on income tax from human work if employment structures change dramatically.
In that scenario, he speculated that taxation could shift toward AI infrastructure and computing power, such as data centres and processing systems, rather than individual earnings.
While these predictions are speculative and not confirmed outcomes, they reflect a growing debate among economists and tech leaders about how AI could reshape employment rather than simply replace specific roles.
Blomfield’s comments add to wider industry concerns that AI adoption is accelerating faster than many labour markets can adapt, even as companies continue integrating automation tools into everyday operations.
