Skip to content
Search

Latest Stories

Follow Us:
Top Stories

Rainy day fund would help people who lose their jobs thanks to AI

People looking at a humanoid robot

Spectators look at Tesla's Core Technology Optimus humanoid robot at a conference in Shanghai, China, in September.

CFOTO/Future Publishing via Getty Images

Frazier is an assistant professor at the Crump College of Law at St. Thomas University and a Tarbell fellow.

Artificial intelligence will eliminate jobs.

Companies may not need as many workers as AI increases productivity. Others may simply be swapped out for automated systems. Call it what you want — displacement, replacement or elimination — but the outcome is the same: stagnant, struggling communities. The open question is whether we will learn from mistakes. Will we proactively take steps to support the communities most likely to bear the cost of “innovation.”


We’ve seen what happens when communities experience sustained loss of meaningful work. Globalization caused more than 70,000 factories to close and 5 million manufacturing workers to look for new jobs. Those forced to find work elsewhere rarely found a good substitute. The remaining jobs usually paid less, provided fewer benefits and afforded less security in comparison to a union job at a factory, for example.

Economists assumed that those workers would eventually move to more lucrative pastures and find the areas with more economic vibrancy. Workers stayed put. It’s hard to leave your pasture, when it’s the place you, your family and your community have long called home. This tendency to stay put, though, created a difficult reality. Suddenly, whole communities found their economic well-being on the decline. That’s a recipe for unrest.

The same story played out in my home state, Oregon. New technology and policies rendered the timber industry a dying trade. Residents of towns like Mill City, a timber town through and through, didn’t jointly march to a new area but understandably stayed where their families had established deep roots.

It’s time to stop assuming that people will give up on their communities. Home is much more than just a job. So when AI eliminates jobs, what safeguards will be in place so that people can remain in their communities and find other ways to thrive?

I don’t have a full answer to that question, but there’s at least one safeguard that deserves consideration: a rainy day fund. We don’t know when, where and how rapidly AI will upend a community’s economic well-being. That’s why we need to create a support fund that can help folks who suddenly find themselves with no good options. This would mark an improvement on unemployment because it would be specifically targeted to assist those on the losing end of our AI gamble and should be available to both laborers and local governments.

The AI companies responsible for prioritizing their pursuit of artificial general intelligence — AI systems with human-level capabilities — over community stability should front the costs of that fund. Congress can and should tax the companies actively inducing a new wave of displacement.

The fund should be dispersed upon any sizable disruption to a specific industry or sector. Both cities and workers could apply for support to weather economic doldrums and find new ways to thrive. Such support helped us all get through Covid. A similar strategy might help mitigate the worst-case scenarios associated with AI.

The potential downsides of this fund are worth the certain benefits of more resilient communities. A tax or penalty on AI would hinder the ability of AI companies to develop and deploy AI as quickly as possible. The specific allocation of that revenue to a rainy day fund might also nudge companies to avoid creating models likely to disrupt various professions. That’s all fine by me. We have survived centuries without AI, there’s no need for the latest and greatest model to come as soon as possible, especially given the immense costs of that pace of innovation.

Now is the time for Congress to enact such a proposal. Following the election, we may find Congress to be even more gridlocked and fragmented than before. Elected officials should welcome the chance to tell their constituents about a policy to bolster their economic prospects.

The urgency to address the job displacement caused by AI cannot be overstated. By establishing a rainy day fund, taxing AI companies to support displaced workers and exploring additional policies to maintain community stability, we can mitigate the adverse effects of rapid technological advancement. Congress must prioritize the well-being of communities over the relentless pursuit of AI innovation. Doing so will not only knit a stronger social fabric but also ensure AI develops in line with the public interest.


Read More

An illustration of orange-colored megaphones, one megaphone in the middle is red and facing the opposite direction of the others.

A growing crisis threatens U.S. public data. Experts warn disappearing federal datasets could undermine science, policy, and democracy—and outline a plan to protect them.

Getty Images, Richard Drury

America's Data Crisis: Saving Trusted Facts Is Essential to Democracy

In March 2026, more than a hundred information and data experts gathered in a converted Christian Science church to confront a problem most Americans never see, but that shapes nearly every public debate we have. The nonprofit Internet Archive convened this national Information Stewardship Forum at their San Francisco headquarters because something fundamental is breaking: the country’s shared foundation of facts.

For decades, the United States has relied on a vast ecosystem of federal data on health, climate, the economy, education, demographics, scientific research, and more. This data is the backbone of journalism, policymaking, scientific discovery, and public accountability. It is how we know whether the air is safe to breathe, whether unemployment is rising or falling, whether a new disease is spreading, or whether a community is being left behind.

Keep ReadingShow less
Man lying in his bed, on his phone at night.

As the 2026 election approaches, doomscrolling and social media are shaping voter behavior through fear and anxiety. Learn how digital news consumption influences political decisions—and how to break the cycle for more informed voting.

Getty Images, gorodenkoff

Americans Are Doomscrolling Their Way to the Ballot Box and Only Getting Empty Promises

As the spring primary cycle ramps up, voters are deciding which candidates to elect in the November general election, but too much doomscrolling on social media is leading to uninformed — and often anxiety-based — voting. Even though online platforms and politicians may be preying on our exhaustion to further their agendas, we don’t have to fall for it this election cycle.

Doomscrolling is, unfortunately, part of daily life for many of us. It involves consuming a virtually endless amount of negative social media posts and news content, causing us to feel scared and depressed. Our brains have a hardwired negativity bias that causes us to notice potential threats and focus on them. This is exacerbated by the fact that people who closely follow or participate in politics are more likely to doomscroll.

Keep ReadingShow less
The robot arm is assembling the word AI, Artificial Intelligence. 3D illustration

AI has the potential to transform education, mental health, and accessibility—but only if society actively shapes its use. Explore how community-driven norms, better data, and open experimentation can unlock better AI.

Getty Images, sarawuth702

Build Better AI

Something I think just about all of us agree on: we want better AI. Regardless of your current perspective on AI, it's undeniable that, like any other tool, it can unleash human flourishing. There's progress to be made with AI that we should all applaud and aim to make happen as soon as possible.

There are kids in rural communities who stand to benefit from AI tutors. There are visually impaired individuals who can more easily navigate the world with AI wearables. There are folks struggling with mental health issues who lack access to therapists who are in need of guidance during trying moments. A key barrier to leveraging AI "for good" is our imagination—because in many domains, we've become accustomed to an unacceptable status quo. That's the real comparison. The alternative to AI isn't well-functioning systems that are efficiently and effectively operating for everyone.

Keep ReadingShow less
Government Cyber Security Breach

An urgent look at the risks of unregulated artificial intelligence—from job loss and environmental strain to national security threats—and the growing political battle to regulate AI in the United States.

Getty Images, Douglas Rissing

AI Has Put Humanity on the Ballot

AI may not be the only existential threat out there, but it is coming for us the fastest. When I started law school in 2022, AI could barely handle basic math, but by graduation, it could pass the bar exam. Instead of taking the bar myself, I rolled immediately into a Master of Laws in Global Business Law at Columbia, where I took classes like Regulation of the Digital Economy and Applied AI in Legal Practice. By the end of the program, managing partners were comparing using AI to working with a team of associates; the CEO of Anthropic is now warning that it will be more capable than everyone in less than two years.

AI is dangerous in ways we are just beginning to see. Data centers that power AI require vast amounts of water to keep the servers cool, but two-thirds are in places already facing high water stress, with researchers estimating that water needs could grow from 60 billion liters in 2022 to as high as 275 billion liters by 2028. By then, data centers’ share of U.S. electricity consumption could nearly triple.

Keep ReadingShow less