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California gubernatorial candidate Tom Steyer has proposed a groundbreaking plan to guarantee jobs for workers displaced by AI, funding it through a novel "token tax" on big tech. The initiative aims to make California the first major economy to protect its workforce from automation's impact by creating jobs in key sectors and establishing an AI Worker Protection Administration. This long-shot proposal faces political challenges but highlights growing concerns over AI's economic effects.
A new TIGA report reveals the UK games development sector is facing its "most severe downturn on record," with a 4.5% year-on-year employment fall and a significant drop in new studio formation. Larger studios were hit hardest, while mobile and PC development saw substantial declines. TIGA attributes this to weak global sales and poor financing, urging government intervention like enhancing the Video Games Expenditure Credit to stimulate recovery and prevent further job losses.
Displaced by AI, a growing number of white-collar professionals, including lawyers, scientists, and journalists, are now reluctantly training the very AI models that rendered their jobs obsolete. This emerging gig economy reflects a bleak reality and a stark warning for the future of employment.
