No Jobs in Upcoming Years Due to AI: A Silent Revolution Artificial Intelligence (AI) is advancing at a breakneck pace, transforming industries and reshaping the global economy. While AI promises efficiency, productivity, and new opportunities, it also poses a significant threat to the job market. Many people remain unaware of the profound changes AI will bring, and the reality that the world as we know it will drastically change. This blog delves into the impending job crisis due to AI, exploring statistics, expert opinions, and the potential socio-economic impacts. The Rise of AI and Job Displacement AI and Automation: An Unstoppable Force AI technologies, from machine learning to robotics, are automating tasks traditionally performed by humans. According to a report by the McKinsey Global Institute, up to 800 million jobs could be displaced by automation by 2030, affecting 20% of the global workforce. Industries such as manufacturing, retail, and logistics are particularly vulnerabl
Introduction: The rapid advancement of technology has ushered in transformative changes across various aspects of our society. From discussions on the viability of Universal Basic Income (UBI) to the nuanced impact of Artificial Intelligence (AI) on job markets and its profound influence on the finance and banking sector, this essay explores the multifaceted nature of technological evolution. Universal Basic Income (UBI): In recent years, the concept of Universal Basic Income has gained traction as a potential solution to address economic inequalities and provide a safety net in an ever-changing job market. Defined as a regular income distributed by the government to all citizens, irrespective of other income sources, UBI prompts us to reconsider the traditional structures of social welfare. AI Takeover and Job Landscape: The rise of Artificial Intelligence has sparked debates about the future of work and the potential for automation to replace human jobs. While concerns about an AI ta