Redefining the role of governments to navigate the AI economic transformation

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who we are

We are a consortium of experts proposing concrete policies and strategies to guide economic governance during the upcoming era of transformation due to powerful AI systems.

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Why Do We Exist?

Artificial General Intelligence systems capable of directly replacing human labor could cause massive shocks to global societies and economies.

AGI could lead to massive labor displacement, as studies estimate that between 30% - 47% of jobs could be directly replaceable by AI systems.

AGI will likely lead to skyrocketing wealth inequality, as profits becomes concentrated among a few corporations and capital owners.

AGI could lead to stagnating or falling wages for the majority of workers if AI technology replaces people faster than it creates new jobs.

To solve these challenges, we need to rethink our assumptions on the roles of governments, corporations, and people in a flourishing economy.

What types of questions need more research?

Taxation Policy

Could a substantial shift of income from human labor to capital create a potential collapse of governmental tax revenues?

What are viable taxation mechanisms to increase revenue from increasingly profitable AI corporations?

Labor Market Transformations

What jobs and sectors would be most resilient to AGI technologies?

What kinds of new jobs might emerge? Will they be sufficient to offset jobs lost to automation?

How should education and training systems be reformed to help displaced workers transition into new roles?

Spending & Redistribution

What are the most effective methods of government infrastructural investment to stabilize economies through an AI transition?

What are the pros and cons of safety net structures to protect workers from short-term labor displacement?

What are practical, nuanced alternatives to UBI as a redistribution mechanism?

Global Coordination

What mechanisms could ensure that AI does not exacerbate global wealth disparities between nations?

What are the consequences if a small oligopoly of AI corporations controls the means of production?

Governance and Public Ownership

Should AI systems be regulated as a public utility, or treated as a universally accessible public good?

Should governments have partial or majority ownership over AI systems and labs?

Legal Rights for AI Systems

Should advanced AI systems have any form of legal economic personhood akin to corporations?

What types of decision-making roles will we determine to be off-limits to AI systems?

How will AI liability work? Who will be responsible for negative consequences caused by AI systems?

Economic Justice and Inequality

How should our concepts of economic justice be redefined when human labor is no longer the primary source of value?

What types of predistributive or market incentive mechanisms would spread value from AI systems?

What alternative corporate structures could align AI technologies with more equitable outcomes?

What are we working on?

We’re currently publishing an anthology of articles from leading economists and experts proposing governance strategies towards a new AGI social contract.

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