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
In the ever-evolving tapestry of global economies, the latest insights from the World Bank's Migration and Development Brief shed light on the continuing growth of remittance flows to low- and middle-income countries (LMICs) in 2023. While the pace might have slowed compared to previous years, the numbers tell a story of resilience, challenges, and the undeniable impact on nations worldwide. India's Leading Role in Remittances At the forefront of this narrative is India, securing its position as the top remittance recipient. The report underscores India's economic buoyancy, with remittances reaching an impressive USD 125 billion in 2023. This feat is attributed to a tight labor market in the United States and robust employment growth in Europe, outperforming earlier forecasts. South Asia's Positive Trend Zooming into the South Asian region, remittance flows to India experienced significant growth, contributing to a remarkable 7.2% increase in remittances for the entire