Rapid advances in artificial intelligence promise to reshape industries, redefine job roles, and fundamentally alter the landscape of the global economy. No longer confined to manufacturing, AI-driven tools are encroaching on white-collar professions once thought immune to automation — law, accounting, marketing, finance, design, insurance, human resources, and even software engineering.

Yet, the United States’ social insurance framework remains outdated and ill-equipped to handle this disruption. Workers, their families, and entire communities stand on the edge of an economic cliff, vulnerable to sudden AI-driven job displacement. Rather than scramble to respond after mass layoffs occur, policymakers must begin modernizing social insurance now. The Social Security Act of 1935 was designed for a different era—one that bears little resemblance to the economic realities of 2024.

Even if AI ultimately spurs job creation, AI's rapid acceleration risks leaving displaced workers in a prolonged period of unemployment before new opportunities emerge—if they [...]

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Outline:

(03:37) The Inadequacy of Current Social Insurance

(06:42) The Challenges of AI-Driven Unemployment

(08:50) AI Displacement Insurance: A New Social Safety Net

(09:40) Increasing Participation

(10:24) Tailored Benefits

(11:15) Innovative Funding Mechanisms

(13:50) Toward a Resilient Social Insurance System in the Age of AI

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Narrated by TYPE III AUDIO.

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