Sunday, May 21, 2017

Rising unemployment and government



Would the computer and telecom revolution happened even without Rajiv Gandhi?

Most probably yes, as these are international trends that no one could have stopped.

What advantage we had with Rajiv Gandhi was probably a faster pace of adoption of technology and induction of eminent people like Sam Pitroda into the system. For this we must give him credit.

Computers had already arrived in India much before Rajiv Gandhi came on the scene. They were being used by BARC, IIT's, ISRO, etc.

There is no one who can stop the march of technology. We live in an industrial age where increasing efficiency is considered the measure of progress.

Jobs will be destroyed by this march of technology, some will be created but more destroyed as systems and processes become more efficient and driven by machines. Therefore the proposition that robots too be taxed and money wpent to fund other types of employment which require human interaction such as taking care of old people and children by Bill Gates is not such an absurd statement as it looks at first sight.

Jobs will keep disappearing, no matter which government comes into power and what the politician promises.

So how do we tackle this dichotomy one of progress and other of job loss?

The solution may lie in retooling and changing our skill sets for an emerging world.

For this we need urgent changes in our education system which creates mediocre students that don't excel at anything until they have been 18~20 years in the education system.

Modern lifestyles create modern problems. Cities throw challenges, primary employment in farming is dwindling with advent of machines thus freeing up manpower. We have excess of people in India but politicians will tell you that these are an asset, a consumer base that can consume the products of the world's factories.

What they fail to tell you that these are people with no or little money, how will they become consumers when they can barely survive. Thus the concept of Universal Basic Income is being promoted. UBI will give every person a minimum basic income, that will allow the factories of the world to run, GDP's to grow and employment of the remaining workforce secure for the time being.

Therefore we are up for challenging times, something the current government or its people are unable to grapple with.

Thus they present you with false agenda's, like that of Cow Protection, building a temple, interference into religious laws, etc.

What we need to do is to stay away from these false issues and put pressure on the governments to solve real problems.....


Adapted from Vinod Chand with minor modifications on Bill Gates part.

http://economictimes.indiatimes.com/news/international/business/robots-that-steal-human-jobs-should-pay-taxes-bill-gates/articleshow/57234194.cms

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