Workforce impact
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New bipartisan bill would require companies to report AI job losses
A bipartisan bill, the AI-Related Job Impacts Clarity Act, has been proposed in response to growing concerns about AI’s effects on the American workforce. The legislation would require publicly traded companies, select private firms, and federal agencies to report AI-related job impacts, including job losses and hiring slowdowns, to the Department of Labor. This data would then be compiled into a public report to provide a comprehensive overview of AI’s influence on employment trends. The bill aims to provide clarity amidst anxieties fueled by layoffs and predictions of significant job displacement due to AI.
