""The agricultural revolution unfolded over thousands of years. The industrial revolution took more than a century," the report reads. "Artificial labor could reshape the economy in less than a decade.""
""If workers are going to be replaced by robots, as will be the case in many industries, we're going to need to adapt tax and regulatory policies to assure that the change does not simply become an excuse for race-to-the-bottom profiteering by multinational corporations,""
AI and automation could eliminate nearly 100 million U.S. jobs within the next decade. Artificial labor could reshape the economy in less than a decade, compared with millennia for the agricultural revolution and more than a century for the industrial revolution. A 'robot tax' on large corporations adopting AI is proposed to fund benefits for displaced workers. Additional policy proposals include a 32-hour workweek, increased worker participation on corporate boards, and pro-union legislation. Taxing automated labor is framed as a way to maintain social safety nets and prevent multinational corporate profiteering at workers' expense.
Read at Business Insider
Unable to calculate read time
Collection
[
|
...
]