What to Do About AI-Driven Job Displacement?(peoplespolicyproject.org)
peoplespolicyproject.org
What to Do About AI-Driven Job Displacement?
https://www.peoplespolicyproject.org/2023/03/31/what-to-do-about-ai-driven-job-displacement/
3 comments
Technology advances but our solutions for equitably allocating wealth and income largely stay the same.
I appreciate the author’s clear-headed and grounded approach.
I appreciate the author’s clear-headed and grounded approach.
Slow down and let people adapt.
The problem is not AI replacing jobs, it is the speed of the replacement that is critical.
If you, say, get 80% of your salary after you lose your job, but lose that benefit when you start working again, then you are effectively taxed 80% of your new income. So financially, you don't have much of an incentive to look for work. An alternative would obviously be UBI, where you may earn less (because of general higher taxes to pay everyone an UBI), but what you earn in addition you can mostly keep.