Episode Details

AI-driven automation is transforming jobs, boosting productivity but hinting at significant changes for workers. Top AI leaders warn of extinction risks, with odds of human wipeout pegged at 10-25% in 30 years. The tech industry reaps mega profits, while workers face uncertainty and potential layoffs. New research reveals an AI lay-off trap, where companies automate, pocketing savings while workers lose jobs and demand plummets. A Pigouvian automation tax is proposed to address this issue, but governments are not yet debating mass unemployment fixes.

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