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AI unemployment solution - Coggle Diagram
AI unemployment solution
AI takes white collar jobs
lawyers
coders
data anylysts
Usually we would refer to the lump of labour fallacy arguement
reinstatement effect, relies on humans having a comparative advantage
AGI's threaten to break this trend
not isolated, multiple sectors at once
expect a persistant rise in unemployment unlike others
minimise protests
provide a buffer income to unemployed individuals
expect a long wait
rather than try to fight it, industries need to incorporate more AI
small firms gain resources of those in larger firms
entprenuership boost
take this as an oppotunity to become more efficient
bank teller historical record
raise money
fiscal squeze for a while
low tax reveune
high claimant count
AI rent tax
build a separate soveriegn wealth fund, use as a way to support jobs
government response
infrastructure projects
lower tax for small businesses
should be offset partially by increased tax revenues
forward guidance
start-up grants
expainsionray monetary policy
k-shaped economy as the middle class hollows out