There have been reports recently of people losing their jobs. Amazon, for example, is asking 30,000 people to go home globally and around 1,100 in India.

This has sparked an old debate: is technology, AI in this case, displacing labour on a large scale? Many say yes. Many say no, it’s not technology alone but also excessive hirings when, either, the times were good or when circumstances warranted it, as during the Covid pandemic.

But this is a futile debate. Regardless of the reason, there is now a shift towards reducing the number of people firms employ. In the US, even the government has been trying to do this after Donald Trump became President.

Overall, therefore, we can expect a reduction in the number of people employed. For the most part, and as always since the Industrial Revolu

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