Economists, investors pitch Washington on AI-driven job loss safety net
By Courtenay Brown
Published on March 25, 2026.
Economists, investors, and politicians are urging the US to design a safety net for potential AI-driven job loss crises. The idea is to prevent such a crisis before it occurs, rather than trying to hash out a panicked plan. BlackRock CEO Larry Fink has warned of the risk of AI exacerbating wealth inequality, with huge rewards for those inside. Gina Raimondo, former Commerce Secretary, has proposed a new grand bargain between the public and private sectors, allowing for employers to be accountable for defining skills essential to the AI economy and for creating pathways into jobs. She also suggests a new corporate tax mechanism where firms that heavily rely on human workers would pay less in corporate taxes and companies generating large output with fewer employees would pay more.
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