Walmart’s CEO, Doug McMillon, did not mince words last week. Standing before an audience of executives in Bentonville Arkansas, he said, “It’s very clear that AI is going to change literally every job.”
That is not a prediction from some futurist in Silicon Valley. It is the sober assessment of the leader of America’s largest private employer.
Walmart has more than 2 million workers worldwide. When McMillon says AI will “change literally every job,” you better believe it is happening across the entire economy.
Walmart’s CEO warned that AI will reshape every job while head count stays flat over the next 3 years.
The headlines sound ominous. Jobs will be eliminated. Old roles will vanish.
Ford CEO Jim Farley even warned that “artificial intelligence is going to replace literally half of all white-collar workers in the U.S.”
But step back and look at history.
Every great wave of technology has created far more opportunity than it destroyed.
The Industrial Revolution eliminated countless farm jobs, yet gave rise to factories, railroads, and entire new industries.
The computer revolution wiped out typewriters and switchboards, but created software engineers, data analysts, and cybersecurity experts.
McMillon understands this. That is why he emphasized: “Our goal is to create the opportunity for everybody to make it to the other side.”
Walmart is already retraining its workforce, building “agent builder” roles to develop AI tools, while expanding in areas like home delivery and customer-facing services.
Resilience Defines Winners In The AI Economy
This is exactly how progress works. Old roles disappear, but new and often better ones take their place.
As one senior managing director at Blackstone explained, “Resilience is the single most important predictor of success.”
For investors, this moment is not one to fear. It is one to embrace. The American Prosperity Report portfolio is filled with companies positioned to thrive as AI transforms the economy.
Here are just a few of our holdings…
Deere (DE). The company is no longer just about tractors and combines. Its machines are becoming intelligent systems, loaded with sensors, guided by satellite, and powered by AI that helps farmers boost yields with fewer resources. Deere is building the future of agriculture, where precision planting and automated harvesting redefine what is possible on the farm.
Lam Research (LRCX). Every AI application, from chatbots to self-driving cars, relies on advanced semiconductors. Lam builds the critical equipment that enables chipmakers to push the boundaries of computing power. As AI adoption accelerates, demand for Lam’s technology is only going to increase.
KKR & Co (KKR). This private equity powerhouse is deploying AI across its portfolio companies to improve efficiency, cut costs, and accelerate growth. From analyzing supply chains to optimizing energy use, AI is giving KKR’s businesses an edge. The result is stronger returns for shareholders and a model for how traditional industries can evolve.
The Coming Years Offer Exceptional Growth
One of the biggest misconceptions about AI is that it will eliminate the need for human beings. McMillon addressed that directly.
Companies have pitched Walmart on humanoid robots, but he brushed it aside with a simple truth: “Until we’re serving humanoid robots and they have the ability to spend money, we’re serving people. We are going to put people in front of people.”
That highlights the real power of AI.
It is not about replacing humanity. It is about enhancing it. The most successful businesses will use AI to eliminate low-value tasks so people can focus on higher-value work.
That is what creates lasting competitive advantage.
OpenAI’s chief economist, Ronnie Chatterji, captured the timeline well: “AI is just starting to ripple through the job market. I think 18 to 36 months, you’re going to see a lot more impact.”
That aligns perfectly with our long-term view.
The next two to three years will not just be a period of adjustment for workers. It will also be a period of outsized growth for the companies that seize this shift.
Investing has always been about spotting big secular changes and owning the right businesses to benefit from them.
The AI revolution is one of the biggest we will see in our lifetimes.
Walmart is preparing. Ford, JPMorgan, and Amazon are preparing. And so are Deere, Lam Research, and KKR.
As I see it, this is not a moment for fear. It is a moment for optimism. America has faced every technological shift with grit and ingenuity. This time will be no different.
Not a subscriber to the American Prosperity Report yet? Click here to join now — risk-free with our 30-day money-back guarantee.
If you have questions, you can send them to me at [email protected].
And follow me on X here for daily updates.
Regards,
Charles Mizrahi
Prosperity Insider
