Establishes the New York workforce stabilization act; requires certain businesses to conduct artificial intelligence impact assessments on the application and use of such artificial intelligence and to submit such impact assessments to the department of labor prior to the implementation of the artificial intelligence; establishes a surcharge on certain corporations that use artificial intelligence or data mining or have greater than a threshold number of employees displaced by artificial intelligence of a rate of 2% of the corporation's business income base; defines data mining.

The New York Workforce Stabilization Act requires certain businesses to evaluate the impact of artificial intelligence (AI) before using it and submit these assessments to the Department of Labor. Additionally, it imposes a 2% surcharge on corporations that either use AI or data mining, or have a significant number of employees displaced by AI. The bill aims to ensure that the use of AI is responsible and does not harm workers.

Supporters of the New York Workforce Stabilization Act argue that it is a proactive measure to protect workers from the potential negative impacts of artificial intelligence. By requiring impact assessments, the bill promotes transparency and accountability in how businesses implement AI technologies, ultimately fostering a more equitable workforce.

Critics of the New York Workforce Stabilization Act contend that it may stifle innovation and burden businesses with additional regulations. They argue that the surcharge could deter companies from adopting beneficial AI technologies, potentially hindering economic growth and job creation in the state.