AI and Job Losses: The Growing Threat to India’s Middle Class

Saurabh Mukerjea, founder of Marcellus Investment Managers, has warned that the rise of AI and automation could seriously affect India’s middle class. He believes that companies are aware of the potential job losses but avoid discussing them openly. Industries are increasingly adopting AI-driven solutions to improve efficiency and reduce costs, which could lead to significant layoffs in white-collar jobs. Mukerjea points out that while automation boosts productivity, it creates long-term job insecurity, particularly for middle-class professionals in sectors like IT, finance, and customer service.

He emphasizes the need for proactive measures to address this shift. Reskilling programs, policy adjustments, and improved job security measures are essential to help workers transition to new roles in the evolving job market. Mukerjea also highlights the importance of transparency from companies about their AI strategies and potential workforce impacts. Without proper action, he warns that India’s middle class could face increased financial instability and reduced growth opportunities in the future. The government and businesses need to work together to prepare the workforce for the changing employment landscape driven by AI and automation.