India built one of the largest formal-employment successes of the last three decades on a specific bargain: educated, English-speaking labor, available at a fraction of what the same skills cost to hire anywhere else. AI is now, in the plain language of the analysts who track this industry professionally, the cheapest form of labor available on the market, and it undercuts that exact bargain directly, not as a side effect but as the whole mechanism. Went down a real rabbit hole on this one. Industry revenue up 6.1%, headcount up only 2.3%, and Nasscom’s own president called it a widening divergence in his own words at their February forum. TCS cut close to twenty thousand jobs, its biggest ever. There’s a genuinely hopeful side too, over a million new AI-related roles opening, but only 16% of the current workforce is skilled enough for them yet. Also covered something that deserves care rather than a headline, so I want to flag that going in before you click through. Wrote it all up/ submitted by /u/mixtapedmonk
Originally posted by u/mixtapedmonk on r/ArtificialInteligence
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