AI-led job crisis looms in 2024
The wider deployment of AI technology in India is expected to make 15,000-20,000 jobs redundant in 2024, particularly in coding profiles, system maintenance, and support functions at junior levels. READ MORE
Unemployment (3)
A Third of Texas State Agencies Using AI
More than a third of Texas state agencies are already using AI tools and automation to improve efficiency and assist with tasks like processing unemployment claims. However, there are growing concerns around bias, privacy, and losing control of the technology. READ MORE
Taxing AI's Winners to Insure its Losers
Key Takeaway AI and automation will likely lead to increases in income inequality. Governments need to implement "inequality insurance" by automatically increasing tax rates on the top 1% when inequality exceeds certain thresholds. This will help compensate workers who lose jobs to automation. READ MORE