News Summary

• There is a palpable fear among American workers that artificial intelligence (AI) is coming for their jobs.
• The answer to that fear, as I’ve argued, is to make job loss less scary by building a new unemployment programme.
• An overhaul is long overdue, and it would help not only a vulnerable labour market but also workers whose fears are realized.
• AI job loss is not happening in a bubble.
• It’s taking place in an economy thick with structural issues and marked by inequality.