Could AI Change Economies? Hansen’s Job Insurance Proposal Explored

Robin Hansen, a well-known thinker, believes AI might change the economy in a big way soon. He suggests that AI could speed up the economy so much that it doubles every month. This fast change might lead to many people losing their jobs. Hansen thinks it's smart to prepare for this shift with a special kind of insurance.

The idea is like regular insurance but simpler. Usually, insurance companies check the risk of something happening, like a house fire. But with AI, the risk is worldwide. Hansen suggests using a trigger, like the number of working adults dropping from 60% to 20% in ten years. If this happens, it would show that AI took over many jobs quickly. In that case, insurance would pay out like a big bet on AI getting smarter.

This concept attracts budding entrepreneurs. Creating businesses in this area could be smart because AI's growth seems certain. People have discussed AI taking jobs for a long time. It’s not new, but it's important to prepare for it.

On social media, people talk about AI reaching new levels. Ethan Mullock mentions that AI tech is advancing fast. He says regular people might not be able to tell how good AI gets. For example, he isn’t sure if the latest AI music tech is as good as it seems. He thinks only experts can judge if AI reaches certain standards.

As AI improves, this creates a challenge. Most people won’t know how advanced AI truly is unless experts weigh in. This means technology might outpace our understanding. It highlights the gap between AI's abilities and what people can grasp without expert insight.

This possibility of rapid change in the job market is something many have predicted. Yet, it also opens new opportunities. Preparing with the right tools, like the proposed insurance, could be key. This way, people can handle changes AI might bring. The idea is to stay ready for shifts that seem likely as AI continues to get smarter.