New York candidate propose AI dividend make e soften AI job cuts

New York state assembly memba wey dey run for congress, Alex Bores don propose one “AI dividend” programme wey aim to cushion job cuts wey AI fit cause. Bores talk say Americans go dey collect direct payments if automation push plenty workers commot, and e describe the AI dividend as an “insurance policy”, no be punishment for innovation. How dem go take fund am na mix of measures: taxes on AI use, to take equity stakes for major AI companies, and reforms to how labour and capital dey taxed. The plan still get workforce transition support like education, training, and AI-safety oversight wey go depend on how quick dem deploy AI. The proposal land for time wey people get different mind about labour-market impact. The article quote Goldman Sachs say AI don cause about 16,000 job losses per month over the past year, while Morgan Stanley say the impact small so far, although e fit scatter historical patterns later. E also point to AI-related layoffs or hiring freezes for Amazon, Meta, Intel, and Microsoft, wey dey increase pressure for fiscal mitigation. For crypto traders, na mainly labour-and-tax policy signal this one, no be direct crypto regulation change. But the AI dividend story fit affect sentiment about tech-sector fiscal risk and who be the “AI winners” versus broader risk assets, and that one fit indirectly influence market liquidity and risk-on/risk-off flows. Expect the “AI dividend” theme to make traders focus more on productivity gains and government readiness to tax AI-driven profits — two things wey fit shift equity sentiment and spill over to the wider crypto market tone.