We should start building fiscal insurance for the AI era

Policymakers are being urged to create fiscal insurance systems, like revamped unemployment benefits and more ownership opportunities, to address the economic upheaval and growing income gaps that artificial intelligence could cause. This move is crucial as AI advances rapidly, potentially displacing many workers and exacerbating wealth disparities. By proactively establishing these support measures, governments can better prepare for and cushion the economic shocks from AI's disruptive impact, ensuring a more equitable transition for society.