Part 7/10:
In some Indian companies, middle management positions are being eliminated thanks to AI tools handling decision-making and routine tasks. For instance, India's largest tech firm, TSTC, has fired thousands of employees because AI now performs functions previously handled by humans.
Consequences for the Next Generation
AI’s proliferation is leading to concerning trends, such as rising unemployment among youth in India—nearly 19%—and the same pattern emerging in the US, especially among college graduates. Unemployment for recent graduates has climbed from 5.8% to 6.6% over the past year, as companies prefer AI solutions over new human hires.