Raghuram Rajan: AI will cause job losses but also make work more engaging
Ex-RBI Governor Raghuram Rajan has cautioned that an AI-led 'jobpocalypse' is on the horizon, though he noted that the technology will boost the productivity of those who remain employed. He explained that AI will eliminate tedious tasks, making roles more interesting, while simultaneously generating new positions like AI engineers. Rajan also emphasized that businesses must prioritize social stability and work to reduce the negative impact of AI on workforce displacement.
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