The development of AI agents has increased the confidence with which artificial intelligence (AI) can evaluate human jobs. The frontier of AI’s capabilities is currently rocky, with highs and lows, but it is rapidly advancing.
India’s discussion of the effects of AI does not have to delve into dire scenarios (such as robots taking over nuclear weapons or lowering humans to serfdom) in order to discuss more pressing issues. Are human job quotas justified? This needs to be discussed.
What if a small number of AI toolmakers gain supremacy and mass automation flips the labor market power equations? We are still in the market creation stage. Analysis is required to determine how Big AI will ultimately generate returns from the enormous quantities of money spent; eventually, the fixed and variable costs of this sector would need to be paid for.
How much capital may start to hover over those without assets and living on income is another conundrum. We could protect ourselves from a “jobocalypse” by purchasing AI stock. Unfortunately, public offers can be costly, large-cap AI plays already appear overpriced, and money leaving India hurts our economy. However, we also need to discuss AI ownership and management in addition to India’s potential as an AI user base (or data host).
