In this episode, we dive into the complex topic of job displacement due to AI and automation, drawing insights from Dr. Alok Aggarwal’s book "The Fourth Industrial Revolution and 100 Years of AI". The rise of AI has sparked fears of widespread unemployment, but is the reality as dire as predicted? We analyze conflicting predictions about job losses, such as the 47% estimate by Frey and Osborne, and explore how demographic shifts, like aging populations, might mitigate some of these effects. We also examine the role of technological solutions like Universal Basic Income (UBI) and immigration in addressing potential job gaps.

How will automation affect the future of work, and what can we expect in the long run? Tune in to gain a deeper understanding of these crucial economic dynamics.