China Wants A.I. To Flourish, but Not at the Expense of Jobs (opens in new tab)

I think it would be best for both countries to learn from each other’s strengths; there’s no need to wait until things get really bad before implementing another Roosevelt's New Deal.

At the very least, the Chinese government has made its official stance clear—though you could interpret this as a way of saying, “Don’t make me clean up your mess.” Companies will weigh which side entails higher costs and actively explore other avenues, and large corporations won’t dare to act brazenly.

If AI becomes very powerful and poses a high risk of replacing ordinary workers’ jobs, this approach will be more effective. For now, however, the market itself may still be able to handle the situation.

I wonder how long that sustains. Is this going to create negative externalities that eventually cause the system to collectively bottom out? Or is this the more utilitarian alternative to UBI? You can debate both sides at this point.