Bernie Sanders Has a Fascinating Idea About How to Prevent AI From Wiping Out the Economy

""AI and automation could destroy nearly 100 million US jobs in a decade.""

""Since 1973, there has been an explosion in technology and a massive increase in worker productivity," it reads. "But the resulting economic gains have gone almost exclusively to those at the top. While productivity has risen by 150 percent and corporate profits have increased more than 370 percent, real wages have gone down for the average American worker by nearly $30 a week.""

"Either way, Sanders has a solution: a "robot tax," levied against large corporations to distribute to workers whose lives are upended by technological automation. As the report describes it, this would function as a "direct excise tax" on the tech itself, ensuring th"

AI and automation risk eliminating a vast number of US jobs within a decade. Since 1973, technology growth and rising worker productivity generated large economic gains that largely accrued to corporate leaders and owners. Productivity increased about 150 percent while corporate profits rose over 370 percent, and real wages for the average worker fell by nearly $30 a week. The gap between productivity and wages has grown so wide that a fair minimum wage would be roughly $25 an hour. A proposed robot tax would act as a direct excise on automation to fund support for displaced workers.

Read at Futurism