New York state assemblymember and congressional candidate Alex Bores has proposed a new “AI Dividend” program designed to protect workers from potential job losses linked to artificial intelligence. In a post shared on X, Bores said the initiative aims to prepare the United States for the possibility of large-scale labor displacement as automation becomes more widespread.
The proposal outlines direct payments to American citizens if artificial intelligence significantly reduces employment opportunities. Bores stated that the dividend would be funded through tax reforms that encourage companies to prioritize hiring human workers over relying entirely on automated systems.
Recent labor data has intensified debate around the impact of automation. A report from Goldman Sachs indicated that AI adoption has contributed to the loss of roughly 16,000 jobs per month over the past year, raising concerns among policymakers and industry leaders.
Funding Model and Industry Impact of AI Dividend Plan
According to the proposal, the AI Dividend would draw funding from several sources, including taxes on AI usage, equity stakes in major AI companies and adjustments to how labor and capital are taxed. In addition to distributing payments to citizens, the funds would also support workforce retraining, education programs and oversight systems to monitor the safe use of AI technologies.
Bores described the dividend as a safeguard rather than a penalty on innovation, arguing that if artificial intelligence increases productivity and concentrates wealth, the public should share in those gains. Major technology companies such as Amazon, Meta, Intel and Microsoft have already reduced staff numbers or announced restructuring linked to automation efficiencies.
However, a recent Morgan Stanley analysis noted that while automation has created disruptions, its overall impact on employment has remained limited so far, though the firm acknowledged that artificial intelligence could still reshape labor markets in the years ahead.
Disclaimer
This content is for informational purposes only and does not constitute financial, investment, or legal advice. Cryptocurrency trading involves risk and may result in financial loss.