In a very near future only a few jobs for a few people would be left. Dwindling job opportunities and its psychological, social, and political repercussions can be seen anywhere in the world even now.
Three reasons are responsible for that.
1. Growing automation, robotisation, and application of AI.
2. Streamlining of business processes with growing. sophistication of computer and internet technology.
3. Competition from efficient countries.
What can be the way out?
1. Universal Basic Income.
2. Reducing working hours in government organisations.
3. Lowering retirement age for government jobs.
4. Maximum privatisation for economy and efficiency but with
effective regulation.
5. Promotion of sporting and cultural activities involving more and more people as active participants.
Niraj Kumar Jha
Three reasons are responsible for that.
1. Growing automation, robotisation, and application of AI.
2. Streamlining of business processes with growing. sophistication of computer and internet technology.
3. Competition from efficient countries.
What can be the way out?
1. Universal Basic Income.
2. Reducing working hours in government organisations.
3. Lowering retirement age for government jobs.
4. Maximum privatisation for economy and efficiency but with
effective regulation.
5. Promotion of sporting and cultural activities involving more and more people as active participants.
Niraj Kumar Jha
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