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For some professionals, being AI savvy could mean an increase in compensation. PwC’s 2024 AI Jobs Barometer report, based on an analysis of over half a billion job ads from 15 countries,...
California labor unions are once again fighting to secure unemployment pay for striking workers after Gov. Gavin Newsom vetoed their effort last year.
California’s Employment Development Department, which oversees the state’s unemployment insurance program, has said that it would rely on increased federal taxes on employers to pay down the...
Unemployment insurance in the United States, colloquially referred to as unemployment benefits, refers to social insurance programs which replace a portion of wages for individuals during unemployment.
Unemployment benefits are typically funded by payroll taxes on employers and employees. This can be supplemented by the government's general tax revenue, which can occur periodically or in response to economic downturn.
Economists have frequently highlighted the risks of redundancies from AI, and speculated about unemployment if there is no adequate social policy for full employment. [208] In the past, technology has tended to increase rather than reduce total employment, but economists acknowledge that "we're in uncharted territory" with AI. [209]
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