India and the United States believe that AI adoption will not lead to significant job losses but will transform the employment landscape, creating new opportunities. Despite concerns raised by surveys, leaders emphasize the need to invest in skilling and reskilling for an AI-driven future. While ack...
India and the United States believe that AI adoption will not lead to significant job losses but will transform the employment landscape, creating new opportunities. Despite concerns raised by surveys, leaders emphasize the need to invest in skilling and reskilling for an AI-driven future. While acknowledging the potential for job displacement, both countries are committed to AI policies centered around workers' productivity and prosperity.
India’s Prime Minister Narendra Modi stated, “Loss of jobs is AI’s most feared disruption. But, history has shown that work does not disappear due to technology. Its nature changes and new types of jobs are created.” Both countries are focused on ensuring higher wages, better benefits and new job creation, emphasizing that AI will not replace human beings but make them more productive.
However, surveys, including India’s Economic Survey, have pointed to significant job losses due to AI adoption, particularly affecting middle and lower-wage bracket workers. JD Vance, the vice president of the United States, assured that America’s AI policy would center around American workers, aiming to make them more productive and ensuring they reap the rewards of higher wages and better benefits.
For all major AI policy decisions, the Trump administration will guarantee American workers a seat at the table. Despite concerns, both countries are optimistic about the future of AI, emphasizing the need for investment in skilling and reskilling for the AI-driven future.
It's important to note that while AI may lead to the displacement of certain jobs, it also has the potential to create new roles and industries. For example, AI technology has paved the way for the emergence of new job opportunities in fields such as data science, machine learning, and AI research.
Furthermore, AI can enhance productivity and efficiency in various sectors, leading to overall economic growth. Organizations that embrace AI technologies can benefit from increased automation, optimization of processes, and cost savings.
In order to prepare the workforce for an AI-driven future, governments, businesses, and educational institutions should prioritize investments in training programs that focus on developing skills relevant to AI technologies. This includes programs in coding, data analysis, and AI ethics.