Our chief economics correspondent, Ben Casselman, describes how A.I.-related layoffs are testing the resilience of the government’s safety net programs. Video by Ben Casselman, Nour Idriss, Nikolay Nikolov, Stephanie Swart and Rafaela Balster/The New York Times Read the story here: https://nyti.ms/4ew4L1g Subscribe: http://bit.ly/U8Ys7n More from The New York Times Video: http://nytimes.com/video ---------- Whether it's reporting on conflicts abroad and political divisions at home, or covering the latest style trends and scientific developments, New York Times video journalists provide a revealing and unforgettable view of the world. It's all the news that's fit to watch.
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Tax cuts for the Uber wealthy is more important than the well being of the peasants
Hey who needs jobs? Come to think of it who needs people other than the 1%! Society and human beings are so over valued
If people don't work, who is going to buy products?
AI sure doesn’t pay taxes and and sure is intent k. Putting people out of job low taxes paid stock buybacks and bonus’s for those rich execs
China is already finding solutions to all of these problems. Maybe it's about time the US actually cares about its workers rather than just the corporations and profits.
It’s absolutely journalistic malpractice to claim that the covid unemployment benefits were a successful model to be replicated without any mention of the abundance of fraud that happened during that program.
History is repeating itself due to policies that continue to be used even though they have a negative effect to the economy. Unemployment rates -Ronald Reagan 5.4%, -George H W Bush 6.3%, -Clinton 4.2%, -George W Bush 5.3%, -Obama 4.7%, -Trump 6.8%, -Biden 4.1% 51 million jobs created since 1989 -George H W Bush 2.617 million, -Clinton 22.745 million, -George W Bush 523 thousand, -Obama 11.57 million, -Trump NEGATIVE JOB GROWTH BY -2.67 million, -Biden 14.6 million The Democratic presidents were in office for a total of 429 months, with 164,000 jobs per month added on average, while the Republicans were in office for 475 months, with a 61,000 jobs added per month average. Their failure has been a constant.
It might be worth noting that the Chinese courts have ruled against companies trying to replace workers with AI. On the grounds that it is unethical for a company to seek greater financial reward by depriving a worker from making a livelihood. The outcome was that the worker should be offered meaningful compensation and offered retraining. Will this happen in America? We will see.
100 percent tax on robot labor.
The tech barons are reeeeally cranking up the Villain dials right now. Insanely out of touch. Monomaniacal. Ends justify the means. Usually one way that ends.
Ai is used as the excuses to cover a failing economy . Stagnation
My car dealership started using fake intelligence for receptionist jobs. It’s so awful that I just hing up the phone. Humans did a way better job without all the downsides of AI. The greedy companies switching to AI to save a few bucks on payroll will lose way more in the form of lost customers.
AI doesn't need health insurance and retirement benefits....but AI also doesn't have bills to pay. Rent/mortgage, childcare, car note, credit cards, groceries, insurance, prescriptions.... If less money is pouring into the economy, the entire thing will come to a grinding stop
iA relies on bad labor practices, fix the labor law and enforce it and you end iA threat. Maybe also fix the intelectual property theft by iA companies. But check out the hidden labor market for labeling iA training data. The world is being conned into believing the iA bs
I don't think our government leaders have realized AI job loss means loss of income taxes and the impact on national debt. That should be incentive enough for them to address the human impact.
We have an empathy problem in the United States. MAGA republicans have cut millions of dollars in food assistance to people already. What is going to happen if we have an unemployment rate of 20% or higher? Are we going to let people live on the streets if they don't have a job?
I work in film and this year was supposed to be the biggest in ages ! But there hasn't been anything all year... Hollywood is fkd.. I used to make 400-500 a day . Now I cant even get a gig. I habe to get another job i guess
Wasn't the purpose of the one big beautiful bill to SAVE jobs!?!?
If??? They started 2 years ago.
AI is the new organized retail theft