AI job loss: 40% of roles at risk, experts warn
The exponential growth of artificial intelligence (AI) has led to widespread discussions about the future of work for humans. While AI promises efficiency and productivity, there's growing concern over its potential to replace human workers. Last month , the United Nations Conference on Trade and Development (UNCTAD) warned that AI could impact up to 40% of jobs worldwide.According to a report by McKinsey and Company, between 400 and 800 million jobs could be displaced worldwide within five years, depending on how quickly automation is adopted.This shift could force around 375 million workers—14% of the global workforce—to transition into entirely new careers.A recent report from SEO. AI reveals that 14% of workers have already felt the impact of AI, although contrary to belief, the effects have been somewhat less severe than initially expected.Studies have found that AI-related job anxiety in India is high.According to Microsoft's Work Trend Index 2023, 74% of Indian workers fear that AI could take their jobs. This concern is echoed in India's Economic Survey 2024-25 , which states that the rapid pace of AI developments has significantly heightened worries about its disruptive effects on the labour market.Unlike previous technological changes that affected blue-collar jobs, AI is poised to disrupt knowledge-intensive industries, which will bear the brunt of this shift, according to the UN report. ET reported in March how Atomberg founder Arindam Paul had raised the alarm about AI's impact on Indian white-collar jobs, predicting that 40-50% of such roles could vanish.He claimed that many, including political leaders, fail to grasp the severity of the threat AI poses to the economy, particularly in sectors such as IT services and BPOs, where significant workforce reductions are expected.Adding to the concerns, AI experts, including prominent figures Bill Gates, Sam Altman (CEO of OpenAI), and Sundar Pichai (CEO of Google), have issued an open letter warning about AI's risks.They called for urgent global action, comparing AI threats to other major risks like pandemics and nuclear warfare.Despite all these concerns, many workers view AI in a more positive light. A study by SnapLogic found that 81% of office workers believe AI enhances their job performance and overall work experience.In India, while 74% of workers fear AI, 83% are eager to delegate as much work as possible to AI in an effort to reduce their workloads.As automation continues to reshape industries worldwide, experts argue that governments and businesses must develop policies that support workers through this transition. Emphasising workforce adaptability and fostering job creation in emerging sectors will be key to navigating the challenges posed by AI.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
India.com
30 minutes ago
- India.com
Chinese Foreign Minister Wang Yi To Visit India On Monday
Chinese Foreign Affairs Minister Wang Yi is set to visit India on August 18 (Monday) for the 24th Round of Talks Between the Special Representatives of China and India on the Boundary Question, Beijing confirmed on Saturday. "From August 18 to 20, Member of the Political Bureau of the CPC Central Committee, Minister of Foreign Affairs and China's Special Representative on the China-India boundary question Wang Yi will visit India and hold the 24th Round of Talks Between the Special Representatives of China and India on the Boundary Question at the invitation of the Indian side," the Chinese Ministry for Foreign Affairs said in a statement. The visit is scheduled to take place shortly before Prime Minister Narendra Modi travels to China to attend the Shanghai Cooperation Organisation (SCO) Summit scheduled to take place at Tianjin, from August 31 to September 1. The Chinese side also welcomed PM Modi's participation in the SCO Summit. At a briefing, Chinese Foreign Ministry spokesperson Guo Jiakun said, "China welcomes Prime Minister Modi to China for the SCO Tianjin Summit. We believe that with the concerted effort of all parties, the Tianjin summit will be a gathering of solidarity, friendship and fruitful results, and the SCO will enter a new stage of high-quality development featuring greater solidarity, coordination, dynamism and productiveness." According to the Chinese Foreign Ministry, leaders of over 20 countries, including all member states of the SCO and heads of 10 international organisations, will attend relevant events of the summit, which, Jiakun said, will be the "largest summit in scale since the establishment of the SCO." This will be PM Modi's first visit to China since the Galwan clash in 2020, which severely strained bilateral ties. The breakthrough in bilateral talks, first after the Galwan Valley face-off between the soldiers of the two countries at the Line of Actual Control (LAC) in June 2020, was made possible after India and China reached an agreement on patrolling along the nearly 3500-km LAC to end the four-year-long border confrontation. In July, External Affairs Minister S. Jaishankar visited China to attend the Meeting of the Council of the Ministers of Foreign Affairs in Tianjin. He also held discussions with his Chinese counterpart on the sidelines of the meeting. He also called on Chinese President Xi Jinping, along with his fellow SCO Foreign Ministers. Earlier in June, Defence Minister Rajnath Singh visited China to attend the SCO Defence Ministers Meeting. India had refused to endorse the joint declaration at the SCO Defence Ministers' meeting, citing the exclusion of concerns around terrorism as a key reason. India stated that it wanted concerns about terrorism reflected in the document, which was not acceptable to one particular country; therefore, the statement was not adopted. During his visit, Singh met his Chinese counterpart, Admiral Don Jun, and the two leaders had a "constructive and forward-looking exchange of views" on issues related to bilateral ties. In June, National Security Advisor (NSA) Ajit Doval also visited China to attend the 20th Meeting of the SCO Security Council Secretaries. In his intervention at the meeting, he highlighted the need to shun double standards in the fight against terrorism and take decisive actions against UN-proscribed terrorists and entities like LeT, JeM and their proxies and dismantle their terror eco-systems.
The Hindu
30 minutes ago
- The Hindu
Scholarships: August 16, 2025
Aspire Scholarship Programme An initiative of SWAYAM Charitable Trust. Eligibility: First year students at specified institutions with annual family income not exceeding ₹600,000. Rewards: Scholarship for academic and related expenses for four years Application: Online Deadline: August 31 Corteva Agriscience Scholarship Programme An initiative of Corteva Agriscience Eligibility: Female students doing UG, PG or doctoral courses in agriculture and allied streams whose annual family income does not exceed ₹600,000. Rewards: Variable depending on course Application: Online Deadline: August 31 HDFC Bank Parivartan's ECSS Programme An initiative from HDFC Bank Eligibility: Indian nationals who are school students (Classes 1 to 12) or in college (UG and PG courses) or doing a diploma or ITI/Polytechnic programme who have got at least 55% in the last qualifying exam and have an annual family income not exceeding ₹250,000. Priority will be given to those who have faced personal/ family crises in the last three years that has impacted their ability to continue their education Rewards: Up to ₹ 75,000 Application: Online Deadline: September 4 Courtesy:
Mint
an hour ago
- Mint
Buy or sell: Sumeet Bagadia recommends three stocks to buy on Monday — 18 August 2025
Buy or sell stocks: The Indian stock market finally snapped a six-week losing streak as extreme oversold conditions and supportive global cues lifted investor sentiment. The Nifty 50 and Sensex ended the week with gains of around 1%, though momentum remained muted due to persistent foreign outflows. Foreign Institutional Investors (FIIs) continued their aggressive selling, offloading nearly ₹ 10,000 crore in the cash market, while Domestic Institutional Investors (DIIs) absorbed the pressure with strong buying worth ₹ 19,000 crore. Broader markets staged a recovery across sectors, led by pharma and auto stocks, though FMCG lagged. Sumeet Bagadia, Executive Director at Choice Broking, believes the Indian stock market sentiment has improved after successive rallies in two straight sessions. However, the Choice Broking expert said the Nifty is facing an immediate hurdle at 24,650. On breaking above this level on a closing basis, Bagadia predicted another 100-point rally in the 50-stock index. Speaking on the outlook of the Indian stock market, Sumeet Bagadia said, "The Indian stock market bias has improved after the relief rallies on the last two sessions last week; however, the 50-stock index trades in a tight 24,300 to 24,650 range. The broader range of the key benchmark index is 24,000 to 24,800. A bullish or bearish trend can be assumed on the breakage of either side of this range. If the rally extends further, we may see the Nifty 50 index touching 24,800 levels." Sumeet Bagadia of Choice Broking advised investors to maintain a stock-specific approach and look at stocks that look strong on the technical chart. Asked about such stocks, Bagadia recommended buying these three shares: Maruti Suzuki India Ltd, Bajaj Finserv, and Power Grid Corporation of India. 1] MSIL: Buy at ₹ 12,936, Target ₹ 14,300, Stop Loss ₹ 12,300. Maruti Suzuki India Ltd's share price is currently ₹ 12,936, consolidating within a defined range over recent sessions. The stock is now on the verge of breaking out of this range, with price action supported by consistent trading volumes, a sign of steady accumulation and strong market participation. If Maruti Suzuki India Ltd's share manages to sustain above the ₹ 13,000 mark, it could confirm the breakout and open the door for further upside toward higher targets. Such a move would indicate the continuation of its prevailing bullish trend. Momentum indicators back this view. The Relative Strength Index (RSI) is at 63.90, trending upwards, signalling strengthening momentum. Maruti Suzuki India Ltd's share price is comfortably trading above all its key moving averages, short-term, medium-term, and long-term EMAs, which suggests robust underlying strength and a supportive trend structure. From a price action standpoint, the consolidation near the highs and volume-backed breakout potential point toward bullish dominance and an attractive risk-reward opportunity. Given the emerging technical setup, traders may consider buying Maruti Suzuki India Ltd shares at the current market price of ₹ 12,936, with a stop-loss set at ₹ 12,300 to manage downside risk. A sustained move above ₹ 13,000 could propel the share price toward the ₹ 14,300 target in the near term. 2] Bajaj Finserv: Buy at ₹ 1925.10, Target ₹ 2130, Target ₹ 1830. Bajaj Finserv's share is currently trading at ₹ 1,925.10, having seen a strong upmove from lower levels in the past. After a record high, the stock witnessed a healthy retracement, allowing it to cool off from overbought conditions. Recently, it has been taking support from its long-term EMA, a key dynamic support level, and is now showing early signs of a potential reversal. A sustainable move above ₹ 1,980 could confirm this reversal and open the door for further upside in the near term. Such a move would suggest that the bulls are regaining control after the corrective phase. Momentum indicators support this outlook. The Relative Strength Index (RSI) stands at 39.84 and shows a reversal from lower levels with a positive crossover, indicating an emerging uptrend. Additionally, Bajaj Finserv's share is trading above its long-term EMA and is now approaching its short-term and medium-term EMAs, signalling improving technical strength. From a price action perspective, the rebound from the long-term EMA combined with early momentum recovery suggests that the downside risk is limited, making the current setup attractive from a risk-reward standpoint. Given the emerging reversal signals, traders may consider buying Bajaj Finserv shares at the current market price of ₹ 1,925.10, with a stop-loss set at ₹ 1,830 to manage downside risk. A sustained move above ₹ 1,980 could propel the stock toward the ₹ 2,130 target soon. 3] Power Grid Corporation of India: Buy at ₹ 288.70, Target ₹ 320, Stop Loss ₹ 275. Power Grid Corporation of India's share price is currently trading at ₹ 288.70. After bouncing from lower levels, the stock has entered a consolidation phase within a defined range. This consolidation has also taken the shape of an Ascending Triangle pattern on the daily timeframe. The stock is currently taking support near the lower boundary of this formation, hinting at a potential base for the next directional move. If the stock manages to sustain above the ₹ 300 level, it could confirm a breakout from this pattern and open the way for further upside toward the ₹ 325 target. Such a breakout would mark a shift in momentum from consolidation to bullish continuation. Momentum indicators support this view. The Relative Strength Index (RSI) stands at 45.75, showing an upward trend after reversing from lower levels and forming a positive crossover, signalling improving buying interest. Power Grid Corporation of India's share is also trading near its short-term EMA and is approaching its medium-term and long-term EMAs. A sustained move above these levels would further strengthen the bullish case. From a price action standpoint, the combination of firm support at the lower end of the formation and improving momentum suggests the potential for an upward breakout, offering an attractive risk-reward setup. Given these technical signals, traders may consider buying Power Grid Corporation of India shares at the current market price of ₹ 288.70, with a stop-loss set at ₹ 275 to manage downside risk. A sustained move above ₹ 300 could soon drive the stock toward the ₹ 325 target. Disclaimer: This story is for educational purposes only. The views and recommendations above are those of individual analysts or broking companies, not Mint. We advise investors to check with certified experts before making any investment decisions.
