AI's positive impact on jobs

Jobs likely to be created because of automation can make up for those lost

A report in this newspaper on May 4 said net employee addition by the top four Indian information technology (IT) services companies in 2017-18 dropped by more than three-fourths. Many cited the data as proof that the increasing focus on automation tool and technologies is eliminating and not creating jobs. 

The opposite may actually be true. Data from more advanced economies, which have gone in for aggressive adoption of technology, shows that the pace of growth in hiring has been higher than the rate of reduction of jobs due to automation. For example, Nasscom data shows the US loses 21 million