The real issue facing our nation is how to create jobs for our massive cohort of youth in this very uncertain global landscape.
Sadly, the IT industry, including Zoho, have not created many jobs in recent years. We have not laid off people but we are not creating new jobs either.
The money that would have gone to new employees is now going to AI and data center costs, the latter due to the steep rise in server and memory prices. We are trying to control those costs but a lot of that is out of our control.
While AI allows us to produce more software quicker, does the over-saturated global software market need a lot more software? Like any commodity industry, the focus shifts to quality, reliability, brand and so on and growth will be much slower.
Software customers (large and mid-sized enterprises) also have redireced their own IT spending towards AI. Even the AI companies which are growing very rapidly are borrowing and spending huge amounts of money in capex, and it is not clear they will achieve the massive profits they need to justify all the capex.
What other industry can pick up the slack? Extensive automation means that large scale manufacturing produces few jobs.
As an economic thinker, this is a good thing: ultimately all kinds of goods, including advanced tech products become very affordable because production becomes so cheap. The "only" question is how the economy is structured so people have the income to afford those affordable goods.
That "only" question, simple in theory, is not easy in practice. Some people think the answer is Universal Basic Income (UBI) and some of that is already happening in India (we call them freebies). We can expect the political pressure to do a lot more.
Is there a better answer? Continued ...
Deeply saddened by the tragic loss of Tarun Kumar in Uttam Nagar. It’s heartbreaking that something as small as a child throwing a water balloon during Holi could escalate into such violence. Humanity should never fall to this level. Prayers for his family and hope the culprits face the strictest punishment.
@ajeetbharti@ajeetbharti Vishtha shabd ka istemal krte krte khud kb vishta saman ho gaye, aap ko pta hi nhi chala. Bakloli aapki visheshagyta ho gai wahi kijiye, ya Sangh ki shakha me aaiye jameeni kaam kijiye. ghar jakr sampark kijiye tab samjhenge ki Hindu samaj sanghtan kathin kaam he.
@DainikBhaskar
*आकाश में एकाएक रोमांचकारी नजारा:* आसमान में तारों की कतार, पृथ्वी के सबसे पास से गुजरा धूमकेतु
https://t.co/mu0GsKYhdM
this is false news ,all the facts mentioned are incorrect about the image. The image is of Starlink satellites.
Print media credibility???
नरा राज्या का विधायक भी वांकी आपणी बोली भाषा म संसद म भाषण करऽ, राजस्थान का कतरा विधायक सांसद मायड़ म बोलऽ, चुनाव प्रचार तक ही खाँ सीमित कर मेली, अब तो बनाणी पेड़ी राजस्थानी न भी राजभाषा।
#राजस्थानी_मांगे_राजभाषा
@Manjuganga5 Dear Sir,
https://t.co/Gic4hSdbvr portal not working properly, the conciliation officers list is empty so grievance cannot be submitted.
I humbly request you to look into this.
Sincerely,
Yogeshwar
Namaskar.Aaj hamare liye bada khushi ka din tha. BJP ki Rashtriya adhyaksha maananeeya @AmitShah ji aur Maharashtra ke mukhyamantri mananeeya @Dev_Fadnavis ji aur kuch varishtha neta hamare ghar padhaare the. Sabse milke aur baatein karke bahut accha laga.