Amazon Lays Off 16,000 as AI Reshapes the Workforce
Recent Reuters reporting shows Amazon cutting 16,000 jobs as part of a global restructuring tied to efficiency and expanded use of artificial intelligence. This is another clear signal that major companies are reorganizing around AI and automation, reducing headcount while investing in new technology.
Congress should establish an AI dividend trust fund and use it to support a Universal Income for every American, so the gains from AI productivity support people and profits.